Meta planning ‘thousands’ more layoffs as soon as this week, Bloomberg reports

Facebook parent Meta is planning to cut thousands of jobs as soon as this week after eliminating 13% of its staff, or 11,000 jobs, in November 2022, Bloomberg’s Sarah Frier, Edward Ludlow and Kurt Wagner report. According to people familiar with the matter, the imminent round of cuts is being driven by financial targets and is separate from the "flattening" of its organization. Those working on the plan are hoping to have the plan ready before CEO Mark Zuckerberg goes on parental leave for his third child, one person says. Reference Link