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Meta CEO Links Layoffs to Capex, Doesn't Rule Out More Job Cuts
Meta CEO Mark Zuckerberg attributed the company's recent layoffs to capital expenditure and informed staff in an internal meeting that he would not rule out further job cuts.
30 Apr, 19:04 — 30 Apr, 19:52
The Story
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Moderate (42/100)3 sources25/33
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Left (2)
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Sources
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Business InsiderMostly Factual2h ago
Meta just told staff in an internal meeting that it isn't ruling out further layoffs
Meta CEO Mark Zuckerberg. Tom Williams/CQ-Roll Call, Inc via Getty Images Meta previously announced it will cut 10% of its staff next month. Meta's HR chief told staff in a meeting that she can't promise further layoffs won't happen. She added that the business is strong and acknowledged that morale has been affected at Meta. Meta plans to lay off around 10% of its staff next month, and it told staff it's not ruling out deeper cuts. That's what Janelle Gale, Meta's chief people officer, tol...
Read full article →YahooMostly Factual3h ago
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Read full article →Coverage Timeline
First report: Yahoo · 30 Apr, 19:04|Full coverage: 3 · 2h|Window: 2h
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