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.