Meta poised to cut thousands more jobs in new round of layoffs: report

Facebook and Instagram parent company Meta Platforms Inc. is preparing a new round of layoffs, according to a new report, just four months after slashing 13% of its workforce.

Bloomberg News reported Monday night that the latest round of cuts will affect thousands of Meta workers and could be announced as soon as this week. The layoffs are said to be separate from a “flattening” of managers and teams deemed nonessential, which Bloomberg reported in February and is still pending.