Facebook parent Meta preparing to announce large-scale layoffs this week, report saysThe company posted weak results and saw a dramatic fall in its share price over 2022Related Video: Mark Zuckerberg reveals new Meta Quest Pro VR headsetMeta, the parent company of Facebook, is preparing to notify employees of large-scale layoffs this week, people familiar with the matter have told The Wall Street Journal.Ben Barringer, equity research analyst at Quilter Cheviot told The Independent last month that “Meta’s latest results paint a picture of a company where all is not well.”“Despite lower expectations after Google and SNAP showed weakness in the digital advertising market, Meta managed to miss estimates and as such the stock is suffering – down 19 per cent in after-hours trading.The outlook for Meta as a result remains very uncertain.”Register for free to continue readingRegistration is a free and easy way to support our truly independent journalismBy registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalistsAlready have an account?sign inBy clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply."