HomeFinanceMeta expected to announce latest round of layoffs Wednesday

Meta expected to announce latest round of layoffs Wednesday

Facebook parent Meta Platforms Inc.

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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