Bloomberg reports that Meta is planning a new round of layoffs and will cut thousands of employees as early as this week, the company plans to cut another 10,11 jobs in the next two months, in addition to the 000,5 layoffs four months ago and close about <>,<> open roles for people who have not yet been hired. CEO Mark Zuckerberg said this in a letter sent to employees, as part of his "Year of Efficiency" plan.

"Over the next two months, organizational leaders will announce restructuring plans focused on flattening our organizations, canceling low-priority projects, and reducing hiring rates. With the reduction in hiring, I made the difficult decision to further reduce the size of our recruitment team. Tomorrow we will notify members of the recruitment team of any consequences. We expect to announce restructuring and layoffs in our technology groups in late April and then in corporate groups in late May. In a limited number of cases, you may have to wait until the end of the year to complete these changes. The timing for the international teams will also be different and local managers will follow up with more details."