Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. The new round of job cuts is being driven by financial targets and is separate from the 'flattening,' the report said, citing people familiar with the matter. Meta declined to comment on the Bloomberg report when contacted by Reuters. Last month, the Washington Post newspaper had reported that Meta was planning to cut jobs in a reorganization and downsizing effort.

https://business.inquirer.net/389799/meta-plans-to-cut-thousands-of-jobs-more-as-soon-as-this-week-bloomberg-news

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