On Monday, Bloomberg reported that as soon as this week, Meta Platforms is planning to cut thousands of jobs in a new round of layoffs. The new layoffs will come only a few months after the company cut more than 11,000 positions from its workforce.
The report noted the new round of layoffs is separate from the “flattening,” and is driven by financial targets, according to people familiar with the issue.
The Washington Post had reported last month that Meta was in the midst of planning a downsizing and reorganization effort which would involve job cuts.
Although Meta declined to comment on the report at the time, Communications Director for Policy Any Stone issued a series of tweets which cited previous statements by CEO Mark Zuckerberg that implied there would be more job cuts at some point.
Meta engaged in among the biggest layoffs of the last year when the company cut 11,000 jobs in November’s mass layoffs. It was the first workforce downsizing in the company’s history. It was part of a series of layoffs that swept trough big tech in the latter half of the year, as companies such as Google-parent Alphabet Inc and Microsoft Corp, also laid off thousands to cut costs as the economy slowed..
