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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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
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