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Facebook and Instagram parent company Meta is reportedly planning to conduct multiple rounds of layoffs this spring on the same scale as its massive round of cuts late last year, following major layoffs this year at tech companies, banks and manufacturers, including General Motors, Twitter, Citigroup and Yahoo.
Meta’s cuts could be as large as its
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Banking giant Citigroup is cutting hundreds of employees in the firm’s latest round of cuts in the past four months, Bloomberg reported Thursday—making it the latest U.S. company to lay off staff, following major cuts this week at Thoughtworks, General Motors, Waymo, Twitter, Palantir and Cerebral.
Citigroup’s cuts are expected to affect less than 1% of
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Twitter CEO Elon Musk has reportedly begun laying off 200 of the social media giant’s remaining 2,000 employees in yet another round of job cuts, while software company Palantir slashes 2% of its staff—the latest major companies to reduce their headcounts as employers fear the economy could enter a recession.
Twitter started laying off 10% of the