https://www.dailymail.co.uk/news/article-11830345/Meta-planning-fresh-round-layoffs-THOUSANDS-workers-job.html
Another Zucker punch: Meta plans fresh layoffs that will put THOUSANDS of staff out of a job before CEO Mark Zuckerberg goes on paternity leave - on top of 11,000 fired in November as part of tech giant's 'year of efficiency'
Meta, the owner of Facebook and Instagram, to unleash new cuts after owner Mark Zuckerberg's pledge 2023 will be 'year of efficiency'
The news comes after 11,000 jobs, 13 percent of the workforce, were slashed in November
Morale among staff has plunged amid the layoffs - but Meta's stock has surged
Meta is planning to slash thousands more jobs within days as billionaire owner Mark Zuckerberg keeps his promise to make 2023 a 'year of efficiency' for the firm.
The parent company of Facebook and Instagram is plotting a fresh round of layoffs after 11,000 jobs were axed in November.
Morale among some staff is rock bottom and many are worried they won't receive their bonuses if they lose their jobs.
But Meta's stock price has surged about 54 percent since the start of the year as investors welcome the cull. The rise follows a dismal 2022 throughout which the value of the company, which also owns WhatsApp, plunged by around two thirds.
Insiders told Bloomberg that executives working on the latest round of job losses want the plan ready before Zuckerberg takes parental leave for his third child, which is due imminently.