Meta Laid Off Several Hundred People Today ⇥ cnbc.com

Ashley Capoot and Jonathan Vanian, CNBC:

Meta is laying off several hundred employees on Wednesday, CNBC confirmed.

The cuts are happening across several different organizations within the company, including Facebook, global operations, recruiting, sales and its virtual reality division Reality Labs, according to a source familiar with the company’s plans who asked not to be named because they are confidential.

Some impacted employees are being offered new roles within the company, the person said. In some cases, those new positions will require relocation.

“Several hundred” employees is a long way off from the numbers reported earlier this month. Perhaps Reuters got it all wrong but, more worryingly for employees, perhaps those figures were correct and this is only the beginning.