Facebook parent Meta Platforms Inc. META, -0.44% is expected to slash more jobs on Wednesday, the company’s latest round of layoffs since November, according to a person familiar with the company’s plans who is not authorized to speak publicly about them.
It is unclear how many will be affected, but a report by Vox on Tuesday pegged the number at 4,000.
Executives at Meta, which is in the midst of a cost-cutting program as it contends with a slowing digital ad market, are expected to issue a companywide email about the layoffs early Wednesday. Subsequent messages will be sent to those impacted.
Yet another workforce reduction is anticipated in May, following a March 14 blog post by Meta Chief Executive Mark Zuckerberg in March that Meta planned to eliminate 10,000 jobs this spring.
Meta had no comment Tuesday.
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