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

Related News

How to Overcome Imposter Syndrome and Launch Your First Product with Confidence

Intel was on the brink of downfall. A twist in the AI race could boost its revival

Incident involving suspect with a knife closes Hwy. 101 in San Jose

Scott Pelley speaks: ‘CBS News is on fire’ and Bari Weiss should be removed

5 vehicles stolen from Alameda County parking garage in Oakland

Video footage shows large groups of people fighting in Oakland