Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
195 Articles
195 Articles
Reports: Facebook Parent Company Meta Planning Mega-Layoffs, ‘Many Thousands’ May Get the Ax This Week
The long-feared Big Kahuna of tech-boom layoffs, massive cuts at Meta companies Facebook, Instagram, and WhatsApp, could arrive as soon as Wednesday, and it’s beginning to feel a lot like 2001. The San Francisco economy, and broader Silicon Valley economy, is already reeling from last week’s 3,700 layoffs at Twitter, which practically coincided with Lyft laying off 13% and Stripe laying off 14% of their respective workforces. By some estimates, …
Meta said to be planning significant layoffs
By Catherine Thorbecke, CNN BusinessFacebook-parent Meta is said to be planning the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession.The job cuts are expected to impact thousands of workers and could begin as early as this week, the Wall Street Journal reported over the weekend, citing unnamed people familiar with the matter. Meta has a headcount of more than 87,000, acco…
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