Meta’s Layoffs Are Just a Drop in the Bucket. These Companies Cut More. | Barron’s
The job cuts at
Platforms are huge, but not exceptional. Many other companies are moving even more aggressively.
Meta (ticker: META), Facebook’s parent, said this past week that it will cut 10,000 jobs and cancel 5,000 unfilled openings. The cuts come less than six months after the company disclosed 11,000 layoffs in November as CEO Mark Zuckerberg seeks to make the business more efficient.
Already a subscriber?
What's your reaction?