Facebook’s parent company Meta is reportedly planning to begin large-scale lay-offs this week that will affect thousands of employees.
US media reported at the weekend that the job cuts could be announced as early as Wednesday.
During Meta’s disappointing third quarter results, chief executive Mark Zuckerberg said staffing might fall.
“In 2023, we’re going to focus our investments on a small number of high-priority growth areas,” he said.
Meta has about 87,000 employees worldwide across its different platforms, which include Facebook, Instagram and WhatsApp.
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