Meta plans massive layoffs later this week

Meta – the company behind Instagram, WhatsApp, Oculus and Facebook – has grown over the years and currently employs around 87,000 people worldwide. As the Wall Street Journal reports, that is unlikely to remain the case as a large wave of layoffs is expected to begin this week.

According to this, several thousand employees should be informed by Wednesday that they will lose their jobs. In terms of magnitude, we are talking about more people affected than in the case of Twitter. Meta is currently being restructured, attracting fewer and fewer users and pumping millions and millions into the Metaverse topic. In 2023, you want to use your investments more purposefully and focus even more on certain things.

The next few days will show exactly what the company’s strategy is and how many employees will have to leave.

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