(Reuters) – Fb mum or dad Meta Platforms Inc (NASDAQ:) has delayed finalizing the budgets of a number of groups because it prepares a contemporary spherical of job cuts, the Monetary Occasions reported on Saturday.

In latest weeks there had been a scarcity of readability surrounding budgets and future head depend, the FT reported, citing two Meta workers conversant in the scenario.

Meta didn’t instantly reply to a Reuters request for remark outdoors of regular enterprise hours.

Earlier this month, Meta introduced that it expects its 2023 bills at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the interval a “Yr of Effectivity.”

The WhatsApp proprietor had lower greater than 11,000 jobs or 13% of its workforce in November, following such tech firms as Amazon.com Inc (NASDAQ:) and Microsoft Corp (NASDAQ:) which have introduced hundreds of layoffs because of the financial downturn.