White Frame Corner
White Frame Corner

Meta Intends to Layoff 1,000 More This Week

Sources say Facebook and Instagram owner Meta Platforms Inc. will cut off thousands this week.

Arrow

To improve efficiency, the largest social networking business is cutting more jobs. Meta fired 11,000.

Arrow

Meta wants directors and vice presidents to name fired employees.

Arrow

According to the individuals, the current round of layoffs could be completed within the next week.

Arrow

One hopes to finish the plan before Mark Zuckerberg begins parental leave for his third child.

Arrow

The November cuts were unexpected, but Meta employees expected more layoffs.

Arrow

According to employees, last week's performance evaluations announced 2023 Meta's "year of efficiency."

Arrow

The Menlo Park, California company cited employee anxiety and poor morale.

Arrow

Some workers worried about getting bonuses this month if they lost their jobs.

Arrow