Meta is poised to initiate a sweeping layoff, which would affect 'many thousands' of its workforce.
The Wall Street Journal reported that Meta would be laying off around 84,000 employees by November 9, 2022.
The company would focus its investments on a small number of high-priority growth areas.
This comes in the wake of news that Twitter could be laying off up to several thousand employees.
An attorney filed a lawsuit to protect the employees' rights.
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