Market Cap
24h Vol
5720
Cryptocurrencies
60.00%
Bitcoin Share

Meta Plans Large-Scale Layoffs as Metaverse Interest Declines

Meta Plans Large-Scale Layoffs as Metaverse Interest Declines


Cryptoknowmics
2022-11-07 08:50:47

According to reports, social networking and technology behemoth Meta is preparing for massive layoffs this week due to mounting costs and a dramatic decline in its stock price. The anticipated cutbacks might affect thousands of workers across Meta’s 87,000-strong staff, according to a Wall Street Journal (WSJ) story from November 6 that cited people with knowledge of the situation. Meta’s Hiring Limitation Followed by Layoffs Meta put a hiring limitation in place in September, and these layoffs occurred two months later. The company had stated that personnel reductions would help them cut expenses by 10%. Meta is not the only The post Meta Plans Large-Scale Layoffs as Metaverse Interest Declines appeared first on Cryptoknowmics-Crypto News and Media Platform.


.
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.