As stock prices continue long sharp slide, Facebook reportedly looking at 10% cost cuts, layoffs – IOTW Report

As stock prices continue long sharp slide, Facebook reportedly looking at 10% cost cuts, layoffs

JTN:

Facebook parent company Meta is reportedly looking at slashing its costs by up to 10% amid faltering prospects and a long, sharp decline in the valuation of its company, according to media reports. 

The company is “looking to trim its costs by at least 10% within the next few months,” the Wall Street Journal reported on Wednesday, citing “people informed of the company’s plans.”

While some of those cost reductions “will come from cuts to overhead and consulting budgets … much of it is expected to come from reduced employment,” the paper claimed.  more here


13 Comments on As stock prices continue long sharp slide, Facebook reportedly looking at 10% cost cuts, layoffs

  1. I am making 80 US dollars per-hr. to complete some internet services from home. I had not ever thought like it would even be achievable , however my confidant mate got $13,000 only in four weeks easily doing this best assignment and also she convinced me to avail. Look extra details
    going this web-page… https://indeedbrightfuture.blogspot.com/

    1
  2. If everyone who considered themselves a conservative got off FaceMetaBook, they’d go broke and would not be able to assist again in the big cheat. If you fit that bill you are a trader. Get off Face Book.

    5
  3. Never been on Fuckbook.

    Still married to a woman I met the old fashioned way.
    Hammered in a Country bar on a Friday Night.
    I wrote her number on a $50, made sure I didn’t spend it, & called her on Monday after she gave me a fake name. “Leia”

    Fake name, real number, & I guess I said the right shit sober on Monday.

    6
  4. I’m thinking Facebook…err…Meta may be going the way of MySpace. In this case, more and more people are not trusting the company with their data mining process, and their woke activism/censorship is worrisome .

    And yes, I deleted my account a couple of years ago. Upon further reflection, I don’t miss it at all and should have deleted the account 10 years ago.

    8
  5. F*ckbook is a disgrace to humanity, I DO NOT have a f*ckbook account and never will. I have the postal service and a telephone that hangs on the wall with wires.
    Call me a prude if you want but 40 years as an electrical engineer I know better than having that sh!t.

    7
  6. I quit fakebook in June 2015 just after the Supreme Court legalized gay marriage. I was so pissed and about read to unload with an extremely vulgar and profanity laden rant, but I thought about it just long enough to cool down and say to hell with fakebook and have never been back. I would’ve made an extreme fool of myself if I had unloaded on them like I wanted to at first. Thank God for the common sense not to.

    1

Comments are closed.