Meta plans to lay off thousands of more employees Technology company Meta plans to lay off thousands of more employees to meet financial targets.
According to media reports, Meta, the company that owns social media platforms Facebook and Instagram, has completed plans to lay off thousands of employees this week.
According to foreign media, the world's largest social media network is taking steps to reduce the number of employees on a large scale after last year, before Meta laid off 13 percent of its employees in November last year. What happened was that 11000 employees lost their jobs.
Media reports said that Metta is also working on the management structure of the company, which is also planning cost-cutting of packages given at the manager level, which will affect thousands of employees.
According to media reports, these steps are being taken by Meta to achieve financial goals and no official statement has been issued in this regard so far, however, it is being said that Meta will implement it in the coming days.
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