Facebook Layoff: There are reports about Meta that it is laying off employees on a large scale from Facebook. According to an Insider report, senior executives are preparing to lay off poor-performing employees. Several employees told Insider that the workforce could be cut by 15 percent over the next few weeks. This means that 12,000 Facebook employees may soon be fired.

The sword of layoffs has been hanging over the employees of social networking giant Facebook for months. Facebook has put a ban on new recruitments. After this, the share price of Meta reached close to $ 380 per share. The company's stock has fallen 60 percent in the last one year. Mark Zuckerberg, founder and CEO of Meta has made it clear that there is a ban on recruitment in all departments. Along with this, it has also been warned that further layoffs are going to happen soon. According to the reports, Zuckerberg said these things during an internal call to the employees.