Facebook parent Meta reportedly to start laying off thousands of staff this week

By Shiyin Chen

Meta Platforms Inc. is planning to begin layoffs this week that will affect thousands of workers, The Wall Street Journal reported, citing people with knowledge of the matter.

The job cuts at Facebook’s parent could come as early as Wednesday, the newspaper said. The company has already told employees to cancel non-essential travel from this week, according to the report.

The newspaper reported that while the percentage of the company’s 87,000 workers cut may be relatively small, the number of people who lose their jobs could be the largest total at one tech company this year. The report noted that Meta went on a hiring spree during

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