According to reports, Meta Platforms Inc. is planning a new round of layoffs that could affect thousands of workers. Late on Monday, Atlassian Corp. announced plans to lay off 5% of its workforce, and Bloomberg reported the news.
The change will impact 500 employees. The job cuts at Atlassian and the rumored restructuring that Meta is preparing are both components of a larger wave of tech layoffs that has impacted both enterprise and consumer technology companies. According to Bloomberg, the job cuts Meta is allegedly planning could start as soon as this week. The precise number of workers who could be impacted is unknown at this time.
According to reports, the restructuring stands apart from Meta’s ongoing efforts to flatten its organizational structure.
Read More: Layoff update: Meta reportedly preparing for more reductions as Atlassian cuts headcount by 5%
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