News Formal

Meta may be next Silicon Valley tech company to announce mass layoffs, sources say

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 3 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A new report says the Menlo Park-based giant is expected to announce large-scale layoffs sometime this week.

The Wall Street Journal cites close sources that say the announcement could be handed out as soon as Wednesday.The layoffs are expected to affect many thousands of Meta employees. It's unclear what percentage of its overall workforce.

Meta's stock has fallen more than 70% this year.
 

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

eIonmusk, is this true?

Shouldn’t have screwed with Instagram

🏴‍☠️

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:

 /  🏆 529. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 »