Meta Platforms Inc. started the third and final round of layoffs on Wednesday according to a source familiar with the matter.
The company announced in March a plan to layoff and eliminate 10,000 roles.
Meta became the first Big Tech company to announce a second round of mass layoffs, after eliminating more than 11,000 employees in the fall.
Some employees announced on platforms such as LinkedIn on Wednesday that they were laid off in a round which was expected to cut deeply into the ad sales, marketing and partnerships teams.
In the April layoffs, around 4,000 employees lost their jobs, said Mark Zuckerberg, Meta’s CEO.
Meta has been pouring billions of dollars into its metaverse-oriented Reality Labs unit, and it has lost $13.7 billion in 2022 in the process.
