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

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

United States United States Latest News, United States United States Headlines

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

Silicon Valley Business Journal seeks nominations for Power 100 list - Silicon Valley Business JournalEarly next year, the Journal will be unveiling the Power 100, a list of Silicon Valley's 100 most important and influential people. We need your help finding them.
Source: svbizjournal - 🏆 334. / 59 Read more »