META LAYOFFS: Former Facebook to cut thousands of jobs amidst market shifts

 

This Article is about layoffs at a company called Meta, which was formerly known as Facebook.

Meta is reportedly planning to lay off thousands of employees in response to slowing growth and increased competition in the social media market.

The layoffs are expected to impact a variety of departments within the company, including its virtual reality and hardware divisions.

Despite the layoffs, Meta says it remains committed to investing in new technologies and expanding its business.