Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganisation and downsising effort that could affect thousands of workers, the Washington Post reported on Wednesday.

Last year, the social media company let go 13 per cent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak advertising market.

Meta now plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between top boss Mark Zuckerberg and the company’s interns, the Washington Post reported, citing a person familiar with the matter.

Meta declined a Reuters request for comment, but spokesperson Andy Stone in a series of tweets cited several previous statements by Zuckerberg suggesting that more cuts were on the way.

$925m tax bill

Meta faces a potential tax bill of around €870 million ($925 million) in Italy after prosecutors launched an investigation into the company, two sources with direct knowledge of the matter said on Wednesday.

The investigation was opened by Milan magistrates at the request of the European Public Prosecutor’s Office.