Скачать или смотреть Facebook Parent Company Meta To Layoffs 10,000 Employees Layoffs In Second Round Of Job Cuts

Only four months after letting go 11,000 workers, Facebook parent firm Meta Platforms (META.O) announced on Tuesday that it will cut 10,000 jobs. This makes Meta Platforms the first Big Tech business to announce a second round of huge layoffs. The layoffs are a part of a larger restructuring at Meta, which will also result in a flattening of the organization's structure, the cancellation of less important projects, and a decrease in hiring rates. Shares of Meta rose 2% in premarket trading as a result of the announcement. With planned cost cuts of $5 billion in expenses to between $89 billion and $95 billion, Zuckerberg's aim to make 2023 the "Year of Efficiency" is underlined by the action.

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