Meta plans more job cuts: Post

Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganisation and downsising effort that could affect thousands of workers, the Washington Post reported on Wednesday.

Last year, the social media company let go 13 per cent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak advertising market.

Meta now plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between top boss Mark Zuckerberg and the company’s interns, the Washington Post reported, citing a person familiar with the matter.