Meta Planning Thousands of More Cuts After Widespread Layoffs, Report Says

The layoffs could begin this week and affect thousands of employees. The cost-cutting comes in addition to previously announced plans to lay off 13% of Meta workers. Meta CEO Mark Zuckerberg is pitching 2023 as the “Year of Efficiency.”

Meta plans another round of layoffs that could affect thousands of workers, according to a Bloomberg News report published Monday evening.

The job cuts could start this week and represent an additional round of layoffs, adding to the 13% of Meta workers who were laid off as part of a major cost-cutting plan announced in November.

A Meta spokesperson declined to comment to CNBC about the report.

Meta

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