Facebook parent company begins third round of job cuts, employees in various business groups to be impacted: Report

Mark Zuckerberg-owned Meta has commenced its third phase of layoffs as part of a large-scale cost-saving plan. The recent round of job cuts focuses on employees within Meta's business groups, following a prior round in April that primarily impacted those in technical roles. Between the April and May layoffs, approximately 10,000 employees will be affected, adding to the 11,000 employees impacted in the initial round of Meta Layoffs conducted in November.