Facebook parent Meta slashes another 10,000 jobs

- Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard.

Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue. On the same day, the company said that it would buy back as much as $40 billion of its own stock. Zuckerberg has invested tens of billions of dollars building out its metaverse, its virutal reality concept, and renamed the company Meta, signaling a new focus for Facebook.

Global inflation has remained stubborn and its made for more difficult decisions for both households and businesses in the U.S.

Facebook sucks so bad anymore. It’s like a social media version of living in a communist dictatorship. Every wrong thought gets you 30 days in Facebook jail.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook Parent Meta To Slash Another 10,000 JobsThe company will also not fill 5,000 open positions as the social media pioneer cuts costs. Anyone notice the tech trend yet? All those Biden voting liberals that work in tech without a job now. Guess they voted to lose their jobs. They can always learn how to flip burgers.
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Tech layoffs 2023: Facebook parent Meta could slay thousands of jobs next weekMeta, the parent company of Facebook, is set to make additional layoffs that will be conducted in several rounds over the upcoming months.
Source: IntEngineering - 🏆 287. / 63 Read more »