Under this, thousands of employees are likely to lose their jobs. Meta CEO Mark Zuckerberg recently announced that the new round of layoffs will take place in May 2023. Now even before the official announcement, the information related to it has been leaked. According to this, the company’s President of Global Affairs Nick Clegg has informed the employees about layoffs in a meeting.

What did Nick Clegg say?

During the company meeting, Clegg said, the third round of layoffs will happen next week. This will affect the business team. This is a time of worry and uncertainty. I wish I had an easier way to console myself.” Meta is battling a “post-pandemic slump” in corporate advertising spending amid high inflation and rising interest rates, according to Reuters.

6000 employees may be laid off

According to media reports, about 6,000 employees will be fired from Meta next week. The company has already laid off 11,000 employees in November and in March this year Meta again announced 10,000 job cuts. After laying off 4,000 employees so far, there are still 6,000 employees left who will be laid off in May this year.

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