BLOOMBERG - Meta is embarking on a "year of efficiency" to improve its financial performance and achieve longer-term goals. As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Zuckerberg said in a statement. Meta Platforms plans to lay off ~10K employees and close ~5K additional open roles in its second major round of job cuts in the past 6 months.
by Kurt Wagner
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