Facebook parent company Meta is gearing up for large-scale layoffs to begin this week.

According to The Wall Street Journal, Meta’s round of redundancies could be the largest among a series of job cuts at tech firms including Twitter and Google.

The report notes that Meta officials late last week told employees to cancel nonessential travel beginning this week. It remains unclear just how many staff will be made redundant from the company’s 87,000-strong employee count, but the WSJ previously reported in September that Meta is looking to reduce expenses by around 10%.

Should the likely redundancies happen, it would be the first wide-scale layoff at Meta since it was founded as Facebook more than 15 years ago.

CEO Mark Zuckerberg essentially confirmed that job cuts would occur during the company's third quarter earnings call where he said: “So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organisation than we are today.”

This came months after the exec told employees at a companywide meeting that “there are probably a bunch of people at the company who shouldn’t be here.”

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