Facebook parent Meta is planning further job cuts of several thousand jobs

The forthcoming round of cuts is being driven by financial targets and is independent of “flattening,” said the people, who asked not to be named. Meta, which has seen a drop in ad revenue and is focused on a virtual reality platform called the Metaverse, has asked directors and vice presidents to draw up lists of employees who can be fired. A meta spokesman declined to comment on the plans on Monday.