Meta, Facebook Parent Company, Still Planning Firing
Quote from Ndubuisi Ekekwe on February 13, 2023, 1:13 PMFacebook is still working a way out of its over-hiring, according to LinkedIn News: "Meta is planning additional layoffs, perhaps as soon as March, anonymous employees tell the Financial Times. The tech giant, which laid off 11,000 employees — approximately 13% of its staff — in November is looking to further cut costs as part of CEO Mark Zuckerberg's "year of efficiency." Some budget setting has been delayed, the sources told the FT, as headcount threatens to dwindle further. Earlier this month, Meta reported revenues of $32.2 billion in the fourth quarter, about $600 million more than investors had expected."
Facebook is still working a way out of its over-hiring, according to LinkedIn News: "Meta is planning additional layoffs, perhaps as soon as March, anonymous employees tell the Financial Times. The tech giant, which laid off 11,000 employees — approximately 13% of its staff — in November is looking to further cut costs as part of CEO Mark Zuckerberg's "year of efficiency." Some budget setting has been delayed, the sources told the FT, as headcount threatens to dwindle further. Earlier this month, Meta reported revenues of $32.2 billion in the fourth quarter, about $600 million more than investors had expected."