Meta plans to slash workforce by thousands this week: Report
Earlier in November, the social media giant had let go off 11,000 employees
Meta Platforms Inc. is planning to reduce the workforce by a few thousand, say reports citing sources. The layoffs are reportedly in line with the company’s plans to become “more efficient.”
Earlier in November, Meta slashed the workforce by letting go 11,000 employees. Non-essential roles are being terminated with the company giving buyout packages to managers. Reports say that the move could affect thousands of employees.
Reports say that the new phase of layoffs could get finalised by next week. Meta, which is facing a paucity in ad revenue, has been asking directors and VPs for lists of employees that can be laid off.
