The company is reportedly seeking to reduce costs after disappointing earnings and a drop in revenue Meta, the parent company of Facebook, Instagram, and WhatsApp, is expected to start firing staff on Wednesday, Bloomberg reported, citing people familiar with the matter. The reductions come as part of the first major effort to cut costs since the founding of Facebook in 2004. The drastic measure follows a sharp slowdown in digital advertising revenue and disappointing earnings for the company. The unnamed sources told the media that Meta CEO Mark Zuckerberg had spoken to executives on Tuesday to prepare them for
Hence then, the article about meta to start mass layoffs bloomberg was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Meta to start mass layoffs – Bloomberg )