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Fortune
Fortune
Jacob Carpenter

Meta is reportedly preparing mass layoffs. Why anti-metaverse investors might be disappointed

Mark Zuckerberg waves his hand as he walks (Credit: Justin Sullivan/Getty Images)

Meta looks like it’s finally caught the layoff bug. Now, the question becomes who within the company feels the ill effects of job cuts.

The Wall Street Journal and New York Times reported Sunday that the Facebook and Instagram parent will trim its 87,300-member workforce sometime this week, the company’s first round of widespread layoffs since its founding nearly two decades ago. Neither news outlet published a precise number of expected job losses, though the Journal said they will total “many thousands of employees.”

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