Sources: Meta plans to cut thousands of jobs as soon as this week after eliminating 13% of its staff, or 11,000 jobs, in November 2022 in its first major layoff

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees …

Bloomberg 2023-03-07

@carnage4life Dare Obasanjo on x
Someone asked me yesterday if I heard about the layoffs at Microsoft. I asked, the ones last year or earlier this year? They said “No, this morning.” As I've said the question is no longer if there'll be layoffs in big tech but instead how many rounds of layoffs. 😞 https://twitte…
@lynnmdoan Lynn Doan on x
Thousands more: https://twitter.com/...
@khuze_elikhulu @khuze_elikhulu on x
Not Zuckerberg firing thousands of people and taking away their health benefits just before he goes off to enjoy time with his new baby https://twitter.com/...
@evanmcmurry Evan McMurry on x
“Those working on the plan are hoping to have it ready before Chief Executive Officer Mark Zuckerberg goes on parental leave for his third child.” https://www.bloomberg.com/...
@business @business on x
The imminent round of cuts is being driven by financial targets and is separate from the “flattening.” Meta has been asking directors and vice presidents to make lists of employees that can be let go https://www.bloomberg.com/...
@sarahfrier Sarah Frier on x
Scoop: Meta is planning a fresh round of layoffs, affecting thousands. This is separate from the organizational “flattening” we already reported, per our sources. https://www.bloomberg.com/... w/ @KurtWagner8 @EdLudlow

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