California [US]: Facebook parent Meta is preparing for large-scale layoffs this week which is expected to affect many thousands of its workforce. In a recent spate of tech job cuts after the industry's rapid growth during the pandemic, Meta Platforms Inc is planning to begin large-scale layoffs this week, according to people familiar with the matter, reported The Wall Street Journal (WSJ).
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people familiar with the matter. Meta reported having more than 87,000 employees at the end of September. Company officials already told employees to cancel non-essential travel beginning this week, the people said.
