After Twitter, Facebook parent Meta may fire thousands of employees to save falling revenue

Facebook parent Meta is reportedly planning to layoff thousands of employees this week. According to The Washington Post, Meta's job cuts would relatively be smaller on a percentage basis than the cuts at Twitter last week (about 50 per cent); however, the number of employees expected to lose jobs could be "largest to date at a major technology corporation in a year that has seen a tech-industry retrenchment". Currently, the company has roughly 87,000 employees.