Meta (formerly Facebook) is set for another round of mass layoffs on Wednesday, which will affect at least 4,000 highly skilled employees, media reported.
According to a Vox report citing sources, this week’s layoffs could be in the range of 4,000 jobs.
In March, Meta CEO Mark Zuckerberg announced that the company would cut 10,000 jobs in the coming months.
In an internal memo seen by The Washington Post, Meta said that “the company will begin notifying employees on its technical teams whose jobs are being cut”.
Meta will also announce newly restructured teams and management hierarchies, the report noted.
“Facebook parent company Meta will announce details on Wednesday about new job cuts, part of a months-long downsizing and restructuring effort that will lay off 10,000 employees,” The Washington Post tweeted Wednesday.
In March, Zuckerberg announced plans to lay off an additional 10,000 employees through several phases of job cuts in the coming months.
Zuckerberg said that overall, “we expect to reduce the size of our team by approximately 10,000 people and close approximately 5,000 additional open roles that we have not yet filled”.
The latest cut comes just four months after it laid off 11,000 employees or 13 per cent of the company’s workforce in November last year.
– IANS
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