Meta President: Trump must ‘play by the rules’ on Facebook and Instagram

Facebook parent Meta planning more job cuts: report

Meta President for Global Affairs Nick Clegg explains why former President Trump has had access to his Facebook and Instagram accounts reinstated after a two-year ban on ‘Special Report.’

Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports.

The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported Friday. Some projects and teams are also expected to be shot down.

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Facebook parent-company Meta

A smartphone with Facebook’s logo is seen with new rebrand logo Meta. Meta is expected to announced job cuts at Facebook next week.  (Reuters/Dado Ruvic/Illustration / Reuters Photos)

The move will come after Meta cut around 13% of its workforce last year, roughly 11,000 jobs.

The Journal report said the new job cuts are expected to reach the same proportion of those who remain. It said among the projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta’s hardware and metaverse division.

 

FOX Business has reached out to Facebook.