Tech analysts are expecting Meta to announce a round of layoffs as soon as Wednesday morning.
announced the cuts on a call with company executives on Tuesday and that the cuts would likely be in the thousands; possibly one of the biggest round of layoffs this year.
Bob O'Donnell with TECHnalysis Research said the cuts aren't unexpected. "We've seen a lot of job cuts in the last couple of weeks in particular and Meta has been able to avoid that up til now" said O'Donnell. "But, all the signs pointed toward this being an issue. They're heavily dependent on advertising and that whole advertising market has come down."said Meta is one of the supporters for his organization and he sits on their safety advisory council.
The company is reportedly saying laid-off employees will receive four months salary as severance, Zuckerberg specifically mentioning the recruiting and business teams.
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