Meta plans new job cuts that could match 2022 tally of 11,000: report

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter.

Mark Zuckerberg’s Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.

The first wave of the new cuts would be announced next week and are likely to hit non-engineering roles the hardest, according to the report.