CLICKZ - Meta has made 11K layoffs. Like many other brands, Apple's changes to its data privacy policies have disrupted Meta's revenue model. It has also lost "focus" by investing heavily in the Metaverse, absorbing ~$10B in R&D spending per quarter. Brands may need to redirect or pause 2023 ad spend in the platform until it has been refined.
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How Meta Lay-offs Will Impact Social Media Marketing in 2023
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