Facebook's parent company Meta has reportedly initiated a new round of layoffs.
The same has been communicated to the employees through an internal memo by the company.
According to the memo, the layoff process will commence on Wednesday and affect technical teams working on various Meta-owned platforms.
“This will be a difficult time as we say goodbye to friends and colleagues who have contributed so much to Meta,” Lori Goler, Meta’s head of people, reportedly said in the memo.