Meta Platforms is reportedly planning another round of job cuts, following the slashing of 11,000 jobs back in November.
Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial TimesIn recent weeks there had been a lack of clarity surrounding budgets and future head count, the FT reported, citing two Meta employees familiar with the situation.
Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a “Year of Efficiency.”or 13% of its workforce in November, following such tech companies as Amazon.com Inc and Microsoft Corp which have announced thousands of layoffs due to the economic downturn.
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