Facebook parent Meta planning more job cuts: report

Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports. 

The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported Friday. Some projects and teams are also expected to be shot down. 

LAYOFFS 2023: TECH COMPANIES LEAD JOB CUTS AMID ECONOMIC UNCERTAINTY

The move will come after Meta cut around 13% of its workforce last year, roughly 11,000 jobs. 

The Journal report said the new job cuts are expected to reach the same proportion of those who remain. It said among the projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta’s hardware and metaverse division.

CLICK HERE TO GET THE FOX BUSINESS APP

FOX Business has reached out to Facebook. 

  Read More 

Advertisements