Executives working on the latest round of job losses want the plan ready before Zuckerberg takes parental leave for his third child, which is due imminently.
HR, legal, and financial roles are vulnerable to the new job cuts, and a restructure may also take place at the executive level.
Some staff will be offered payoffs, while others who are demoted through the restructuring process may choose to quit altogether.
Zuckerberg had previously warned staff that 2023 would be a “year of efficiency,” and this message has been reinforced in team meetings and performance reviews.
Meta’s stock price increased around 1.6 percent in pre-market trading on Tuesday and was valued at $184.90 per share, compared with $124.74 at the beginning of 2023.
Amid the sweeping cuts, one part of the business has enjoyed an increased budget – Zuckerberg’s private security.
The 38-year-old billionaire received a 40 percent rise in his pre-tax security allowance from $10 million to $14 million, signed off by Meta’s board of directors. That amount will cover just over half of his roughly $25 million annual security bill.
Meta has not commented on the reports about the latest round of cuts, which come at a volatile time for the world’s largest tech companies.
A report published in January found that these firms carried out an unprecedented number of job cuts in 2022. Amazon, Twitter, and Uber also shed thousands of jobs.