InvestorQ : Why is Meta or Facebook laying off so many of its employees?
manisha Kolvenkar made post

Why is Meta or Facebook laying off so many of its employees?

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Crowny Pinto answered.
3 weeks ago
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Meta Platforms (Facebook) will lay off 11,000 employees, representing 13% of its workforce, as the business environment gets tougher. Meta had also significantly enhanced its outlays in IT and digital in the post-COVID era, which are now becoming an overhang. Meta will extend its hiring freeze through Q1-2023.

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