Meta, Facebook's parent, is reportedly planning large-scale layoffs this week.
The Wall Street Journal quotes "people familiar with the matter" as the source for its news report.
"The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people."
Meta has more than 87,000 employees.
The social media platform last month cut expenses and froze headcount after reporting a 4% drop in revenue to $US27.714 billion for the September quarter.
The result added to the gathering clouds over the digital media sector in the face of deteriorating economic conditions.
Google reported a drop in advertising revenue and Snap reported slow growth as brands pull back their budgets.
Twitter is in the middle of cutting its work force in half.
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