Large scale layoffs coming at Facebook’s parent company Meta: report
New York: After job cuts at Twitter, Facebook’s parent company Meta is planning to begin “large-scale layoffs” this week in what could be the largest reduction to date at a “major technology corporation in a year that has seen a tech-industry retrenchment,” a media report said.
The Wall Street Journal reported that the layoffs at Meta, which has more than 87,000 employees, are expected to affect “many thousands of employees” and could come as soon as Wednesday.
The WSJ report said that company officials have told employees to cancel nonessential travel beginning this week.
