Meta to lay off thousands of employees as stock slides: report ...Middle East

The Hill - Technology

Meta is set to lay off thousands of employees this week, as it looks to downsize amid sliding stock prices, the Wall Street Journal reports. The layoffs could be the largest ever for Facebook's parent company, according to the report, with the number of employees expected to surpass even the major reductions at Twitter last week. However, with Facebook's head count of more than 87,000, it will be a smaller portion of its total workforce. Other tech companies, like Amazon, Netflix and Google parent Alphabet, have also been announcing layoffs and instituting hiring freezes as the sector continues to feel the pressures of high prices and the looming possibility of a recession. The

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Last updated : 07 Nov 2022 clock 01:48 AM

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Meta to lay off thousands of employees as stock slides: report ...Middle East

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