Meta Quietly Reduces Staff in Cost-Cutting Push

Meta Platforms is planning to chop bills by at the very least 10% within the coming months, partially by employees reductions, because the social-media large confronts stalling development and elevated competitors, in line with individuals acquainted with the corporate’s plans.

The Menlo Park, Calif., firm has begun quietly nudging out a big variety of staffers by reorganizing departments and giving affected workers a restricted window to use for different roles inside the firm, in line with present and former managers acquainted with the matter, in a transfer that achieves staffing cuts whereas forestalling the mass issuance of pink slips.