facebook’s parent company Meta is due to slash “thousands more jobs” on Wednesday, according to reports.
The move comes after the company fired around 11,000 employees in November.
Meta is reportedly coming down hard on “projects that aren’t performing” as the company continues to struggle.
Meta, which owns Facebook, WhatsApp, and Instagram, is reportedly preparing to make thousands of job cuts to its policy, marketing, and communications teams in particular.
This comes as part of CEO Mark Zuckerberg’s “year of efficiency” that involves cutting functions and features deemed non-essential.
Meta is desperately looking to rein in its finances and prioritize new offerings as flagship platform Facebook loses popularity and the company’s new projects fail to perform.
The cuts also follow a number of changes at the top.
Sales vice president for the Americas, Nada Stirratt, is apparently leaving the post on Monday.
Chief Business Officer Marne Levine also stepped down last month.
One senior staffer told the Financial Times: “We have a real dilemma on our hands in terms of talent when there’s so much chaos.”
