It is possible that Facebook-parent Meta could have yet another round of layoffs, slashing its workforce by up to 30 percent. It is unclear why such a drastic decision may be necessary, but it demonstrates that the company is being proactive in managing its operations and expenses during these uncertain times.
It is likely that the layoffs would mainly impact non-essential and support roles that have become increasingly irrelevant during the pandemic and given the changing economic landscape. It could also be a sign that the company is streamlining operations and functions in light of the new normal.