**Meta Reportedly Weighing Significant Layoffs**
Meta Platforms is reportedly considering substantial layoffs that could impact as many as 20% of its workforce. The potential cuts signal a significant restructuring for the tech giant, which has faced a challenging economic environment, slowing advertising revenue, and costly investments in its metaverse vision.
This move follows a period of rapid hiring across the tech sector and would mark one of the largest staff reductions in Meta’s history, reflecting a broader trend of belt-tightening and efficiency drives across Silicon Valley.