Facebook parent Meta is slashing another 10,000 jobs and will not fill 5000 open positions as the social media pioneer cuts costs. 9News
Meta and other tech companies had been hiring aggressively for at least two years and in recent months have begun to let some of those workers go.Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue.
Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue. The company said Tuesday it would reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May."It will mean saying goodbye to talented and passionate colleagues who have been part of our success.". In February it said a downturn in online advertising and competition from rivals such as TikTok weighed on results.FILE - Facebook CEO Mark Zuckerberg speaks at Georgetown University in Washington, Thursday, Oct.
"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," said Zuckerberg.
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