Facebook parent company Meta has postponed its budget for several teams as the company prepares for a new round of layoffs, according to the Financial Times.
Two Meta employees familiar with the situation said the company has been unclear in recent weeks about its budget and future employee numbers.
Meta was not immediately available for comment.
Earlier this month, Meta announced that it expects to spend between $89 billion and $95 billion in 2023, a period that CEO Mark Zuckerberg called “the year of efficiency.
The company, which has WhatsApp, Facebook and Instagram in its hands, already announced last November that it was cutting more than 11,000 jobs, or 13 percent of its workforce. In addition, technology companies such as Amazon and Microsoft have also announced thousands of layoffs because of the economic downturn.
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