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...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
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