Mark Zuckerberg, founder and CEO of Meta Platforms Inc., has announced that more job cuts will be made across Facebook, WhatsApp, Instagram, and Reality Labs.
The restructuring is part of a cost-cutting push that aims to eliminate 10,000 positions at the company.
In March, Zuckerberg announced the plan to become leaner and rebalance the ratio of technologists and engineers to business and administrative staff.
The lay-offs will be announced on Wednesday, and a further round of cuts is set to follow in May.
The company will also reorganize teams and reassign remaining employees to work under new managers.
Meta will ask all North American employees who can work from home to do so on Wednesday to have time to process the news.
The move comes after Meta already cut about 13% of its workforce in November and extended a hiring freeze through the first quarter.
Article updated 2 months ago. Content is written and modified by multiple authors.
