Meta Plans To Do Large Scale Layoffs This Week

The word on the street is that Meta who owns Facebook is planning to lay off thousands this week. This story has the details as we know them:

Meta is thought to be considering making thousands of employees redundant with an announcement planned as soon as Wednesday, the Journal reports.

Sources told the outlet that employees had been instructed to cancel all nonessential travel beginning this week.

At the end of September, Meta reported that it had a total of 87,000 employees.

Meta declined The Independent’s request for comment.

The company’s shares fell off a cliff as they had a weak quarter. Thus this isn’t all that surprising. It will be interesting to see what parts of Meta get affected as that will give a lot of insight into what Mark Zuckerberg thinks is important, and what he thinks he can dispose of.

I’ll be watching closely.

2 Responses to “Meta Plans To Do Large Scale Layoffs This Week”

  1. This is a very good article

  2. […] were waiting for the axe to fall on Meta employees after rumours of thousands of job cuts surfaced. And now the […]

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