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Meta Platform Inc. plans another round of layoffs starting from this week that could affect thousands of employees, according to a Bloomberg News report published Monday evening.
Meta CEO Mark Zuckerberg has previously announced job cuts about 13 percent of Meta workers who were laid off as part of a major cost-cutting plan in November, as the company slashed 11,000 workers in what was its first-ever major layoff.
The cost-cutting effort comes at a difficult time for the tech company, which said cost and expenditure jumped 22 percent year-on-year to $25.8 billion during the fourth quarter, while total sales fell 4 percent to $32 billion.
