Facebook and Instagram are planning to lay off thousands of employees next week

The layoffs are part of Meta's ongoing restructuring efforts

The exact number of employees to be laid off is not yet known

The layoffs will affect both Facebook and Instagram employees

The layoffs come after Meta announced its plans to rebrand itself and focus on the metaverse

Meta has been facing criticism over its handling of misinformation and privacy issues

The layoffs are expected to affect mostly non-technical roles

The layoffs will be focused on the US offices of Facebook and Instagram

The layoffs are expected to be completed by the end of next week

Meta has not yet commented on the upcoming layoffs