Meta Platforms Is Said to Plan Thousands More Layoffs

Meta is undergoing a second round of layoffs within four months as part of an efficiency drive led by CEO Mark Zuckerberg. The company aims to meet financial targets and flatten its organization by cutting non-essential teams. This move has led to anxiety among employees, especially concerning bonuses. Despite the layoffs, Meta's stock has risen, indicating investor approval of the efficiency measures. The layoffs are being expedited before Zuckerberg's parental leave.

What is the reason behind the recent layoffs at Meta?

What is the anticipated impact of the layoffs on Meta's organizational structure?

How has Meta's stock performance been since the beginning of the year?

What has been the reaction of investors to Meta's move towards efficiency?

What concerns do employees at Meta have regarding bonuses?