Meta, formerly known as Facebook, is going to lay off many employees on Wednesday. Reports suggest that around 4,000 highly skilled workers will be affected. This is a part of the company’s plan to cut 10,000 jobs in the coming months. The company will notify employees on its technical teams whose jobs are being cut. Along with this, Meta will also announce newly reorganized teams and management hierarchies.
The Washington Post tweeted about the new job cuts, saying that Facebook’s parent company, Meta, will announce details about it on Wednesday. The company has been downsizing and restructuring for months now.
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