Facebook Parent Meta Plans Massive Layoffs This Week: Report

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Facebook parent company Meta is preparing to make large-scale layoffs that will affect thousands of employees this week, according to a report by the Wall Street Journal Monday. The report said the layoffs will extend to “many thousands” and potentially become the “largest round” of reductions done by any major tech company in recent months. Meta had more than 87,000 employees worldwide as of the end of September.