Meta announces 10,000 additional layoffs in restructuring plans
The company shared restructuring plans as part of its 'Year of Efficiency' which includes additional layoffs and reduced hiring rates.
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Facebook (META) allegedly planning further layoffs as early as this week
Even after a mass layoff late in 2022, thousands of further jobs at the Meta company may be on the line this week as the company continues to cut costs.
Facebook (META) currently losing money on Reels despite the feature's popularity
Mark Zuckerberg revealed that while Reels is a popular feature, the company needs to improve its 'monetization efficiency' to better capitalize on its popularity.
Facebook (META) Q4 2022 earnings results beat revenue expectations
It would seem that Meta was able to put up winning numbers when it came to revenue expectations for its Q4 2022 earnings results.
Facebook (META) to lay off 11,000, including Reality Labs employees
In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.
