Meta planning thousands of more cuts after widespread layoffs, report says
Publishing timestamp: 2023-03-07 08:13:04
Summary
Meta is planning to lay off thousands of employees this week as part of a cost-cutting plan. CEO Mark Zuckerberg has said that the layoffs are a "last resort" and that the company is restructuring teams to increase efficiency. The company is also investing heavily in developing a metaverse.
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Keywords: mobile, mark zuckerberg, apple inc, technology, social media, business news, meta platforms inc, layoffs, internet, breaking news: technology,
Source: https://www.cnbc.com/2023/03/07/meta-planning-thousands-of-more-cuts-after-widespread-layoffs.html