Tag: facebook job cut

[ad_1] Mark Zuckerberg says social giant will end 2023 as a “somewhat smaller” organization Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant. In what would be the first major budget cut since the founding of Facebook in 2004, Zuckerberg said the company will freeze hiring and restructure some teams to trim expenses and realign priorities. Meta will likely be smaller in 2023 than it was this year, he said He announced the freeze during a weekly Q&A session with employees, according to a person in attendance. He added that the company would reduce budget...