Meta is set to begin the layoff of 15% of its employees in the Facebook arm in a bid to cut down its workforce as macroeconomic headwinds and falling ad spending continue to impact the tech industry.

Recently, the company announced a pause in its hiring process as the fear of a global recession continues to loom. Now, the silicon valley tech giant is set to lay off 12,000 of its 80,000 employees in a bid to cut the budget and reduce headcount.

Meta had previously laid off 60 contract workers in mid-August.