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

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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...

source https://www.gadgets360.com/social-networking/news/meta-large-scale-layoffs-thousands-of-employees-weak-holiday-quarter-tiktok-competition-3496972#rss-gadgets-all https://ift.tt/2I951Uw

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