Meta preparing for fresh round of job cuts - Washington Post


FILE PHOTO The logo of Meta Platforms business group is seen in Brussels Belgium December 6 2022. REUTERSYves Herman

FILE PHOTO: The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman

(Reuters) - Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganization and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday.

Last year, the social media company let go 13% of its workforce - more than 11,000 employees - as it grappled with soaring costs and a weak advertising market.

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