Facebook parent company Meta to do job cuts in the thousands…..

Facebook parent company Meta is preparing for a fresh round of job cuts, deputizing human resources, lawyers, financial experts and top executives to draw up plans to deflate the company’s hierarchy, in a reorganization and downsizing effort that could affect thousands of workers.

Meta plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between Meta CEO Mark Zuckerberg and the company’s interns, according to a person familiar with the matter who spoke on the condition of anonymity because they were not authorized to speak on about internal matters. Other managers may end up overseeing a higher number of employees as their teams grow bigger. Some inside Meta expect employees whose jobs have been converted to eventually quit, trimming the company’s workforce by default.