Meta, formerly known as Facebook, is preparing for additional layoffs as part of its downsizing and restructuring efforts that could involve trimming 10,000 employees according to a report from The Washington Post.

In an internal memo, Meta’s head of human resources Lori Goler said that the company will begin notifying employees on its technical teams whose jobs are being cut.

The affected teams will be across Facebook, WhatsApp, Messenger, Instagram and the virtual-reality division Reality Labs among others. A query sent to Meta on Wednesday for a confirmation on the size of the layoffs and the impact if any on India remained unanswered.

Meta has already cut about 13 per cent of its workforce, or about 11,000 jobs in November. It has also extended a hiring freeze through the first quarter. The company had reported a 41 per cent decline in net income for the year ended December 31, 2022, with a 1 per cent decline in revenue and a 23 per cent increase in costs and expenses.

“We ended the fourth quarter with over 86,400 employees, which includes a substantial majority of the approximately 11,000 employees impacted by our previously announced layoffs who remained on the payroll as of December 31, due to applicable legal requirements," said Susan Li, CFO at the Q4 2022 earnings call.

“We expect the vast majority of the impacted employees will no longer be captured in our reported headcount figures by the end of the first quarter of 2023,” Li said.

Mark Zuckerberg, the CEO of Meta, said that 2023 will be a “year of efficiency” for the technology major.

“We are working on flattening our org (organisation) structure and removing some layers of middle management to make decisions faster, as well as deploying AI tools to help our engineers be more productive. As part of this, we are going to be more proactive about cutting projects that aren't performing or may no longer be as crucial, but my main focus is on increasing the efficiency of how we execute our top priorities,” said Zuckerberg in the earnings call in February.

The reports of further layoffs come at a time Meta is expected to announce its Q1 2023 results on April 26.

The company has given guidance of an $89-95 billion full-year expense for 2023 lower than the previous guidance of $94-100 billion primarily due to slower-than-anticipated growth of payroll expenses.

The company has also lowered its capital expenditure outlook for 2023 from $34-37 billion to $30-33 billion reflecting a lower data centre construction spend during the year.