KEY POINTS
  • The layoffs could begin this week and affect thousands of employees.
  • The cost-cutting comes in addition to previously announced plans to lay off 13% of Meta workers.
  • Meta CEO Mark Zuckerberg is pitching 2023 as the "Year of Efficiency."

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Meta Platforms CEO Mark Zuckerberg arrives at federal court in San Jose, California, on Dec. 20, 2022.

Meta plans another round of layoffs that could affect thousands of workers, according to a Bloomberg News report published Monday evening.

The job cuts could start this week and represent an additional round of layoffs, adding to the 13% of Meta workers who were laid off as part of a major cost-cutting plan announced in November.

In this article