Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News has reported, 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.
In November, when Meta announced a 13% global cut, it was initially thought it would be applied to its Irish-base workforce of 3,000 people which would result in around 390 redundancies.
That number was reduced to 350 and it is understood the figure is now closer to 300.
Last month, the Washington Post newspaper had reported that Meta was planning to cut jobs in a reorganisation and downsizing effort.
Meta, at that time, declined to comment.
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But spokesperson Andy Stone in a series of tweets cited several previous statements by chief executive 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 and the first in the company's history.
Other tech companies, including Google-parent Alphabet and Microsoft, have also cut thousands of jobs.
Twitter, Stripe, Amazon, Intel, Salesforce, PayPal, HubSpot and Dell have also cut jobs worldwide.
