Breaking: Facebook parent Meta has begun quietly cutting a significant number of staff as it looks to reduce costs by at least 10%, people familiar with the plan say
and intense competition, Meta Platforms Inc. executives have spoken of cost cuts, hiring freezes and “ruthless prioritization.” One word the company hasn’t used: layoffs.
and giving affected employees a limited window to apply for other roles within the company, according to current and former managers familiar with the matter, in a move that achieves staffing cuts while forestalling the mass issuance of pink slips.
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