Monday, November 7, 2022

Facebook Parent Meta Said to Prepare Large-Scale Layoffs This Week Ahead of Weak Holiday Quarter

Facebook parent Meta is said to be planning to begin large-scale layoffs that are expected to affect thousands of employees this week, according to a report. The company had forecasted a weak holiday quarter and said it anticipated significantly more costs next year, amid the company contending with slowing global economic growth, competition from TikTok, privacy chan...

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