Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will sack 10,000 jobs.
It is the second batch of sacks after 11,000 employees were laid off in November 2022.
Meta chief executive, Mark Zuckerberg said the cuts would be tough, and formed part of a year of efficiency.
In addition to the 10,000 jobs being lost, 5,000 open roles at the company will be left unfilled.
Zuckerberg told staff in a memo he believed the company had suffered a humbling wake-up call in 2022 when it saw a slowdown in revenue and cited higher interest rates in the US, global geopolitical instability and increased regulation as some of the factors affecting Meta.
