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

Meta Plans More Job Cuts, Delays Setting Team Budgets: 'A Bunch Of People Getting Paid To Do Nothing' - Meta Platforms (NASDAQ:META)

Facebook parent company Meta Platforms Inc (NASDAQ:

Meta Layoffs: Tech Firm Planning Fresh Round of Sacking in ‘Year of Efficiency’, Says Report | 📲 LatestLY

According to a report in the Financial Times, citing sources, there had been a "lack of clarity about budgets or future headcount in recent weeks". As a result, staff have complained that "zero work" is getting done as managers have been unable to plan their coming workloads, the report noted. 📲 Meta Layoffs: Tech Firm Planning Fresh Round of Sacking in ‘Year of Efficiency’, Says Report.

Meta delays setting team budgets, likely to fire more employees soon

Facebook's parent company Meta has delayed setting its teams' budgets, as per reports. The move comes amidst reports of further layoffs at the company.

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.”

Meta plans fresh layoffs, delays setting team budgets: Report

In recent weeks there had been a lack of clarity surrounding budgets and future head count, as per the report.

Meta delays setting team budgets as Facebook parent plans fresh round of layoffs – report

Meta Platforms is reportedly planning another round of job cuts, following the slashing of 11,000 jobs back in November