Wall Street Journal: Meta is planning significant layoffs | CNN Business

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Facebook-parent Meta is said to be planning the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession

The job cuts are expected to impact thousands of workers and could begin as early as this week, the Journal reported over the weekend, citing unnamed people familiar with the matter. Meta has a headcount of more than 87,000, according to a September SEC filing. Meta declined to comment on the report.

Once boasting a market capitalization of more than $1 trillion last year, Meta is now valued at about $250 billion. Meta is far from the only tech company said to be rethinking staffing. In a stunning shift for an industry sometimes thought of as untouchable, a number of tech companies have announced hiring freezes or job cuts in recent months, often after having seen rapid growth during the pandemic.

 

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More monks and less porridge, the fittest survive.

But if Musk does it.....

Democrats who use 2 Diesel heating oil for their homes might want to switch their votes from 🔵 to red 🔴 so they don't freeze this winter. Biden's cutting of fossil fuels includes zero 2 Diesel oil for heating everyones homes.

I can’t wait to see if the comments are as nasty as they were towards elonmusk. I thinking not.

“ ITS SAID”. That sounds like trump tactic. No source except unnamed people that know lots! I’ll bet a Maga wrote this.

Happy for employer

Seriously another one

Well that's what they get for censoring conservative voices. In 2021 I was 'fact checked' for posting a joke about the election.

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