The report, which cited sources, said that the number of jobs being eliminated was not specified.
Tech firms shed jobs last year as a demand boom during the pandemic rapidly fizzled, and layoffs have continued this year with companies looking to rein in costs to ride out the economic downturn.
In the last few weeks, Google parent Alphabet said it would eliminate 12,000 jobs, while Microsoft said it would eliminate 10,000. Amazon's layoff round will impact more than 18,000 roles.
Other tech companies like Facebook parent Meta and Elon Musk's Twitter laid off thousands late last year.
Observers say the COVID pandemic, which sent many office workers home, spurred online platforms to expand. Now that workers are returning to the office in some number, many online platforms and services have seen a drop in engagement.
