Meta planning fresh round of job cuts as soon as this week

The company already cut 13% of its global workforce in November

Meta's November layoffs layoffs included 350 workers in Ireland. Picture: Brian Lawless/PA Wire

Meta Platforms, the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter.

The world’s largest social networking company is eliminating more jobs, on top of a 13% reduction in November, in a bid to become a more efficient organisation. In its earlier round of cuts, Meta slashed 11,000 workers in what was its first-ever major layoff. The layoffs included 350 workers in Ireland.