https://www.eastbaytimes.com/2022/11/07/tech-biotech-job-layoff-facebook-twitter-lyft-oracle-bay-area-economy/

While most of the attention has fallen on Twitter, a growing number of Bay Area tech and biotech companies are revealing plans to chop what amounts to thousands of jobs, worrying observers who fear the layoffs might haunt the region’s broader economy.

Facebook app owner Meta Platforms is the latest firm that’s thought to be mulling massive job cuts in the wake of revenue losses and a huge plunge in its stock valuation in recent months. A Wall Street Journal report Friday said that the company could begin notifying workers of its plans by the middle of this week.