Around the Web – Original Source: www.zerohedge.com
As growth stalls and competition intensifies, Facebook parent Meta has begun quietly cutting staff by reorganizing departments, while giving ‘reorganized’ employees a narrow window to apply for other roles within the company, according to the Wall Street Journal , citing current and former managers familiar with the matter. By shuffling people around, the company achieves staffing cuts “while forestalling the mass issuance of pink slips.”
The game of musical chairs is thought to be a prelude to deeper cuts, as Meta looks to trim costs by at least 10% over the next few months according to people familiar with the […]
Around the Web – Original Source: www.zerohedge.com
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