Published 1 year ago

Meta delays setting team budgets as it plans fresh round of layoffs: Report

Summary by Reuters

Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday.

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Times of India

Facebook parent Meta plans fresh layoffs amid delays in setting team budgets

Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency."

1 year ago·India

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News18 India

Meta Delays Setting Team Budgets As Facebook Parent Plans Fresh Round Of Layoffs

Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a ”Year of Efficiency.”

1 year ago·India

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Reuters

Meta delays setting team budgets as Facebook parent plans fresh round of layoffs, Financial Times reports

Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday.

1 year ago·United Kingdom

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NDTV

Meta Might Be Planning Fresh Round Of Layoffs: Report

Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. In recent weeks there had been a lack of clarity surrounding budgets and future head count, the FT reported, citing two Meta employees familiar with the situation. Meta did not immediately respond to a Reuters request for comment outside of normal business hours. Earlier this …

1 year ago·New Delhi, India

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