According to media reports citing three unnamed informed sources, Meta Platforms, Inc. is preparing to conduct a round of layoffs on May 20, which will affect approximately 10% of its global workforce, with additional job cuts expected to follow.

The initial wave of layoffs will result in nearly 8,000 employees being let go.

The company intends to carry out further workforce reductions in the second half of the year, although the specific timing and scale have not yet been finalized.

Meta declined to comment on the planned timing or scope of the layoffs when approached by media.