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Meta expected to announce latest round of layoffs Wednesday


Facebook parent Meta Platforms Inc.
META,
-0.44%

is expected to slash more jobs on Wednesday, the company’s latest round of layoffs since November, according to a person familiar with the company’s plans who is not authorized to speak publicly about them.

It is unclear how many will be affected, but a report by Vox on Tuesday pegged the number at 4,000.

Executives at Meta, which is in the midst of a cost-cutting program as it contends with a slowing digital ad market, are expected to issue a companywide email about the layoffs early Wednesday. Subsequent messages will be sent to those impacted.

Yet another workforce reduction is anticipated in May, following a March 14 blog post by Meta Chief Executive Mark Zuckerberg in March that Meta planned to eliminate 10,000 jobs this spring.

Meta had no comment Tuesday.



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