# Meta plans to cut thousands of jobs as soon as this week – Bloomberg News
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-07
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Meta Platforms Inc to Cut Thousands of Jobs in Fresh Round
Meta Description: Meta Platforms Inc is set to cut thousands of jobs soon due to financial targets, apart from previous reductions. Meta has not yet commented on the report.
URL: https://financedigest.com/meta-plans-to-cut-thousands-of-jobs-as-soon-as-this-week-bloomberg-newshtml

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(Reuters) -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](https://www.financedigest.com/icrc-to-cut-some-1500-jobs-as-humanitarian-budgets-seen-sliding.html "ICRC to cut some 1,500 jobs as humanitarian budgets seen sliding") in a reorganization and downsizing effort.

Meta, at that time, declined to comment, but spokesperson Andy Stone in a series of tweets cited several previous statements by [Chief Executive Officer](https://www.financedigest.com/iris-software-group-names-matt-tuson-as-chief-revenue-officer.html "IRIS Software Group names Matt Tuson as Chief Revenue Officer") Mark Zuckerberg suggesting that more cuts were on the way.

Meta’s mass layoffs in November that [cut more than 11,000 jobs was among the biggest last year](https://www.financedigest.com/inpost-sees-better-margin-in-poland-plans-no-job-cuts-this-year.html "InPost sees better margin in Poland, plans no job cuts this year") and the first in the company’s history. Other tech companies, including Google-parent Alphabet Inc and Microsoft Corp, have also [cut thousands of jobs](https://www.financedigest.com/telecom-italia-in-talks-with-unions-on-up-to-2000-job-cuts-in-italy.html "Telecom Italia in talks with unions on up to 2,000 job cuts in Italy").

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)


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