Facebook parent Meta to begin large-scale layoffs this week

The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday.

Company officials already told employees to cancel nonessential travel beginning this week. Meta’s planned layoffs would be the first broad head-count reductions to occur in the company’s 18-year history.

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.