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The Wall Street Journal is reporting that Meta is planning significant layoffs.
Facebook-parent Meta is planning the first significant layoffs in its history as it struggles with a shrinking business and fears of a looming recession, Entrackr reported. Earlier this month, Meta said its second-quarter revenue declined for the second consecutive quarter. Facebook CEO Mark Zuckerberg had earlier said that the workforce cuts would “affect the whole…
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According to the Wall Street Journal, Meta is planning significant layoffs.
Facebook-parent Meta is planning to fire the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession, The New York Times reported. Last month, the company posted a revenue decline and reported a halving of its profit from the previous year. The drop in profitability…
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Meta is planning significant layoffs, according to the Wall Street Journal.
Following reports that Amazon is planning to reduce its workforce, a spokesperson said, “As part of this year’s review, we’re of course taking into account…macro-environment and considering opportunities to optimise costs.” Last week, Apple CEO Tim Cook had said, “We’ll be taking a look at our spending going forward.” Earlier, Facebook CEO Mark Zuckerberg said…
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The takeover continues, and employees of the micro-Blogging platform are bracing for layoffs today.
Facebook Co-founder Mark Zuckerberg on Thursday tweeted, “I feel like I am the luckiest guy in the world.” He also added, “I’m so excited for Twitter. I’ve been a Twitter fan since I was 14.” He added, “I love Twitter…I have no doubt that Twitter will be the most important social media company in the…