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Meta Reportedly Looking to Cut Costs By 10% in Coming Months

By
Sylvia Varnham O'Regan
· · Source: The Wall Street Journal

Meta Platforms is taking steps to reduce headcount as it tries to cut costs by 10% over the next few months, The Wall Street Journal reports. The company has been reorganizing teams and cutting projects as it focuses on core priorities such as short-form video and the metaverse. The changes, which come as Meta struggles with a hit to its advertising business, have left many employees with...

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