Facebook and Instagram parent company Meta Platforms Inc. is preparing for a new round of layoffs, according to a new report, just four months after slashing...
Facebook and Instagram parent company Meta Platforms Inc. is preparing a new round of layoffs, according to a new report, just four months after slashing 13% of its workforce.
In... Facebook and Instagram parent company Meta Platforms Inc. is preparing a new round of layoffs, according to a new report, just four months after slashing 13% of its workforce. In November, Meta laid off more than 11,000 employees, its largest round of cuts ever, in a bid to become a “leaner” company amid a sharp drop in advertising revenue. At the time, co-founder and Chief Executive Mark Zuckerberg said Meta had grown too quickly during the pandemic, saying: “I got this wrong, and I take responsibility for that.”
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