Meta, Facebook parent company, is expected to layoff more employees through multiple rounds, the Wall Street Journal reported on Friday.

Meta, Facebook parent company, is expected to layoff more employees through multiple rounds, the Wall Street Journal reported on Friday.

Meta did not immediately respond to Reuters questions, the news agency reported. 

The additional layoffs will be announced in the upcoming months, and could reach the 13% job cut tally from last year.

Last year, the tech giant let go of 11,000 employees which began a wave among Big Tech companies to let go of their employees. 

According to the WSJ, the first wave of the new cuts will be announced in the coming week and would target non-engineering roles.

The report added that the company is also expected to close down some projects and teams.

Meta has been cutting on costs after its investments in the metaverse while ad revenue decreased. Recently they announced a $12-a-month subscription for blue verification. 

In February 2023, the company began “flattening” its organisational structure,  which means that managers and directors turn into individual contributor jobs instead of leading teams. In this case they turned into non-managerial posts focused on coding, designing and research.

Mark Zuckerberg, the CEO of Meta, said in a post that the company is pivoting to a “new top-level product group at Meta focused on generative AI to turbocharge our work in this area.”