[ICYMI] Meta axes 10,000 jobs in new round of cuts
Facebook parent company Meta is planning a new service that could rival Twitter.SAN FRANCISCO - Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's"year of efficiency" as the US tech sector continues to downsize.
The cuts follow a cull of 11,000 positions announced by the company in November that started a wave of similar jobs cuts across big tech companies, including Amazon, Google and Microsoft, but not Apple. The first victims will be Meta's recruitment department as the company officially puts an end to the hiring spree that came when big tech ramped up operations to meet high demand during the coronavirus pandemic.
In January, the multi-billionaire Meta founder warned that further pain was coming when he told analysts the company's"management theme for 2023 is the 'Year of Efficiency'" and that he would focus on making the company "a stronger and more nimble organization."
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