New Delhi, April 18 -- Meta, in a massive workforce purge, is likely to layoff around 8,000 employees, in its most ​significant since a restructuring in late 2022 and early 2023, three sources who are aware of the company plans told Reuters. The sweeping layoffs are planned for this year in May. According to the reports, the layoffs are planned for May 20.

The Facebook and Instagram owner will lay off about 10 per cent of its global workforce, in that initial round, one of the sources said. The company is planning further layoffs in the later half of the year. The details of the layoffs, including date and size, were not yet settled.

The sources have added that executives are likely to adjust their plans as they observe developmen...