Facebook parent Meta plans new job cuts that could match last year's tally: WSJ

Facebook's new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken Oct 28, 2021.
PHOTO: Reuters

Facebook parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13 per cent job cut tally from last year, the Wall Street Journal reported on Friday (March 10) citing people familiar with the matter.

Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.

The first wave of the new cuts would be announced next week and are likely to hit non-engineering roles the hardest, according to the report.

The company is also expected to shut down some projects and teams in conjunction with these cuts, the report added.

Meta did not immediately respond to a Reuters request for comment. 

ALSO READ: Meta preparing for fresh round of job cuts: Washington Post