Meta Plans to Cut off 1000 Employees – Report Said!! In recent days, many of the world’s leading companies have increased layoffs and reduced the number of new hires. According to reports, Meta Platforms is now planning to initiate large-scale layoffs. The layoffs are expected to affect thousands of employees.
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Meta’s slowdown in economic growth, competition from TikTok, and Apple’s privacy changes have been cited as reasons for the company’s layoffs. Meanwhile, Mark Zuckerberg, CEO of Meta, has stated that Metaverse investments will take about a decade to pay off.
As a result, the company’s hiring, and projects have been frozen and steps have been taken to reduce costs. Earlier, Meta cut its plans to hire engineers by about 30% last June. And Mark Zuckerberg has warned the company’s employees to prevent economic collapse.
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