- Business Today
Another round of layoffs to hit Meta; 10,000 pink slips to be handed today: Report
Meta is expected to conduct another mass round of layoffs this week. The cuts could affect as many as 10,000 jobs, according to reports by Bloomberg and Vox. The layoffs come after Meta CEO Mark Zuckerberg announced in March that the company would be cutting 10,000 more jobs in the coming months, on top of the 11,000 cuts in November.
The jolts of this move are likely to be felt across Meta's family of apps - Facebook, Instagram, WhatsApp and the recent Reality Labs that work towards the company's virtual reality goals, and Quest hardware, according to a memo seen by Bloomberg News.