Facebook Parent Meta To Cut 10,000 Jobs In Latest Round Of Cuts

Facebook owner Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months as it seeks to winnow expenses and improve efficiency. The company is aiming to make its organization flatter by removing multiple layers of management, Chief Executive Officer Mark Zuckerberg said in a statement Tuesday.

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