Highlights

Meta in the third quarter saw its profits fall to $4.4 billion, a 52 percent decrease year-over-year
Company's market value over the past year is down to $600 billion

Latest news

Asus Pad T3201 Review: OLED Brilliance Meets Everyday Mid-Range Power

Qualcomm Showcases Snapdragon 8 Elite Gen 6 Chips At IMC 2026, Teases New Flagships

Shokz Diwali Sale Brings Discounts On Open-Ear Headphones Across Amazon And Flipkart

iQOO 16 Confirmed For India With Snapdragon 8 Elite Extreme Gen 6 And OriginOS 7

ASUS Announces Festive Discounts Across Laptops, Gaming PCs And Tablets

Priyanka Gandhi lies on ground, Rahul detained as Delhi Police stop INDIA bloc MPs' Jantar Mantar march

Emotion, tears as Messi retires from Argentina national team

Rajpal Yadav tells CJI Surya Kant his legal troubles inspired film title ‘Solah Sawan Jhel Ke’

Meta's Mega Layoffs coming today warns Mark Zuckerberg

Name: Meta's Mega Layoffs coming today warns Mark Zuckerberg
Uploaded: 2022-11-07T12:19:26.000+05:30
Duration: T00M51S
Channel: Editorji News Desk
Description: Twitter, freshly acquired by Elon Musk, abruptly fired about half of its 7,500 employees

Twitter, freshly acquired by Elon Musk, abruptly fired about half of its 7,500 employees

Updated: Sep 02, 2022 10:53

Editorji News Desk

Join our WhatsApp Channel

Meta's Mega Layoffs coming today warns Mark Zuckerberg

Facebook-parent Meta will become the latest tech firm to scale back its workforce, with plans to layoff thousands of employees this week.

According to reports, the layoffs could impact "many thousands" of Meta employees and that an announcement was expected as soon as Wednesday.

As of September 30, Meta had about 87,000 employees worldwide across its different platforms, which include social media sites Facebook and Instagram as well as messaging platform Whatsapp.

In his announcement of Meta's disappointing third quarter results, CEO Mark Zuckerberg said the firm's staff would not increase by the end of 2023, and might decrease slightly.

The latest plans from Meta follow recent announcements by other tech firms to freeze hiring or cut their workforce as the industry fights economic headwinds.