That was the headline on a March 10 scoop I wrote with my colleagues Jeff Horwitz, Salvador Rodriguez, and Sam Schechner.
(Mark Zuckerberg announced the cuts a few days later.)
The story began:
Facebook parent Meta Platforms Inc. is planning additional layoffs to be announced in multiple rounds over the coming months that in total would be roughly the same magnitude as the 13% cut to its workforce last year, according to people familiar with the matter.
The new cuts, the first wave of which is expected to be announced next week, are likely to hit non-engineering roles especially hard, the people said. The company is also expected to shut down some projects and teams in conjunction with these cuts.
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