Meta reportedly plans layoffs to match last year's 13% haircut
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Meta Platforms (NASDAQ:META) is reportedly set to announce layoffs that would add up to the same magnitude as some heavy cuts last year.
The Facebook parent cut 13% of its workforce in November. But recent reports have added up to expectations that Meta would consider another substantial round of cuts, and even thousands more in cuts that were imminent.

Now it's headed for multiple months of rounds of layoffs that would match last November's in aggregate, The Wall Street Journal
reported.
The first wave of the new cuts is set to be announced next week and are likely to hit non-engineering roles particularly hard - and will lead to the shutdowns of entire projects and teams, according to the report.
Meta stock was up 0.6% after hours following the report.