It’s not culling half of its workforce, like Twitter did last week, but Meta too is reportedly looking to cut a heap of roles this week, as part of its own cost rationalization efforts.
As reported by The Wall Street Journal:
“Meta is planning to begin large-scale layoffs this week, according to people familiar with the matter […] The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people.”
Of course, Meta is far larger than Twitter, which, as noted, cut some 3,000 jobs late last week as part of the Elon Musk transition (and is now asking at least of them to come back). Meta employs over 87,000 people in total, so while cutting thousands of roles will still be a significant reduction, in percentage terms, the impact will likely be marginal on its much larger business.
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