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Meta Confirms Plans to Cut more than 11,000 of employees, Extends Hiring Freeze


The_King

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Meta Platforms confirmed job cuts of about 13% and let more than 11,000 of employees go, Bloomberg News reports.

CEO Mark Zuckerberg also said they are cutting discretionary spending and extending the hiring freeze through Q1.

 

More information is available on the Bloomberg Terminal.

 

https://www.bloomberg.com/news/articles/2022-11-09/meta-confirms-plans-to-cut-13-of-jobs-extends-hiring-freeze

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