-
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…
-
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…