Facebook parent company Meta announced on Tuesday that it will lay off 10,000 employees in the coming months as it contends with a challenging economic environment.

"As I've talked about efficiency this year, I've said that part of our work will involve removing jobs – and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision," Meta CEO Mark Zuckerberg said in a Facebook post.

The company also plans to close another 5,000 additional open roles that haven't been filled, Zuckerberg said.

In November, the company announced it was cutting more than 11,000 positions to become a leaner and more efficient company. 

This is a developing story. Please check back for updates.