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Meta Platforms Inc, is planning to cut thousand more jobs in a new round of layoff.
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The company had already reduced its workforce by 13% in November 2021, with 11,000 workers losing their jobs.
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The new layoffs are a part of the company's efforts to become more efficient.
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The company has been flattening its organization and cutting non-essential teams since February 2022.
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Meta has seen a slowdown in advertising revenue and has shifted its focus to a virtual-reality platform called the metaverse.
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The company has been asking directors and vice presidents to make lists of employees that can be let go.
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This round of layoffs could be finalized in the next week, before CEO Mark Zuckerberg goes on parental leave for his third child.
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The layoffs were widely anticipated by the Meta workforce, and have caused heightened anxiety and low morale among colleagues.
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Some employees expressed concern about whether they would receive their bonuses, which are set to be distributed this month, if they lose their jobs beforehand.