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Dublin Live
Dublin Live
World
Aakanksha Surve

Facebook parent company Meta planning to slash thousands of jobs

Facebook's parent company Meta is planning large-scale layoffs this week in a blow to thousands of workers.

Fears are growing for the 6,000 Irish workers who work in the company's European headquarters in Dublin's Grand Canal Square. The firm reported a fourth weak quarter and around $67 billion was wiped off Meta's stock market value.

Meta is expected to make an announcement as early as Wednesday, The Wall Street Journal reports. Speaking on the last earnings call in late October, Chief Executive Mark Zuckerberg said: "In 2023, we're going to focus our investments on a small number of high-priority growth areas.

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