Fears for Irish tech workers as Facebook owner Meta reportedly planning major layoffs

Reports have emerged that the social media company is set to layoff thousands of employees with the announcement expected this week.

Employees have already been told to cancel all non-essential travel for this week, a person familiar with the matter told the Wall Street Journal. Picture: AP Photo/Tony Avelar, File

Facebook parent company, Meta, is preparing to announce mass layoffs this coming week, it has been reported.

The Wall Street Journal has reported that the social media company is set to layoff thousands of employees with the announcement expected as soon as Wednesday.