Illustration by Nick Barclay / The Verge
Meta’s planning major job cuts that could affect “thousands” of workers, according to a report from The Wall Street Journal. Sources familiar with the situation told the WSJ that the layoffs could begin as soon as Wednesday.
The Facebook and Instagram parent company reported over 87,000 employees at the end of September, but these “large-scale” layoffs are expected to slash a significant portion of staff members. According to the WSJ, the layoffs could hit Meta even harder than the mass job cuts at Twitter, which affected about half of the company’s 7,500-employee workforce.
In June, Meta’s chief product officer Chris Cox warned employees of “serious times,” noting that employees must “execute flawlessly in an environment of slower…