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meta-new-layoff-march-2023-in60.jpg Mar 13

Meta Planning Fresh Job Cuts That Rival Last Year's Mass Layoffs

  • Meta is planning multiple rounds of additional layoffs that would amount to the same 13% cut to staffing it enacted last year.
  • The first wave of cuts is reportedly expected to be announced this week and will likely affect non-engineering positions “especially hard”.
  • In addition, the Facebook and Instagram parent is set to shut down projects such as some wearable devices in Meta’s loss-making Reality Labs VR division.