Meta's Major Layoffs
Meta has announced significant layoffs, cutting about 11,000 employees, which represents 13% of its workforce. This decision comes as the company faces lower-than-expected revenue and aims to operate more efficiently across its divisions. Despite the cuts, there is no shift in the company's overall direction, as they continue to focus on reducing discretionary spending and extending their hiring freeze.In this clip
From this podcast
This Week in Startups
Meta cuts 11K employees, Binance/FTX fallout + Homeward CEO Dr. Jenny Schneider | E1608
Related Questions