Shulou(Shulou.com)11/24 Report--

Beijing, April 19 (Xinhua) Meta is expected to make another round of large-scale layoffs on Wednesday, according to several people familiar with the matter at Meta, the parent company of Facebook.

This round of layoffs could be less than 4000, according to people familiar with the matter at ▲ Zuckerberg. In March, Meta CEO Mark Zuckerberg (Mark Zuckerberg) said the company would cut another 10, 000 jobs in the coming months. Earlier, the company had cut 11000 jobs in November. Mr Zuckerberg said the job cuts in April would affect the technology division, while another round of layoffs in May would affect the company's business units. As of the end of last year, Meta had about 86000 employees.

Meta's continued layoffs are part of Zuckerberg's plan to turn 2023 into a "year of efficiency". The layoffs are a reminder that big tech companies like Meta are going through a period of intense layoffs and belt-tightening after nearly two decades of almost uninterrupted growth. Overall, Silicon Valley is also experiencing a recession, which has greatly changed the work culture that was once considered to be a big spender.

Meta declined to comment.

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