Meta may have some 'bad news’ for employees

Facebook-Meta is reportedly planning more job cuts, a new report has said, adding that the Mark Zuckerberg-led company has delayed finalising the budgets of multiple teams.

Meta may have some 'bad news’ for employees
Meta

Facebook-Meta is reportedly planning more job cuts, a new report has said, adding that the Mark Zuckerberg-led company has delayed finalising the budgets of multiple teams.
The Financial Times says that Meta is preparing a fresh round of job cuts. Citing two Meta employees familiar with the situation, the publication claims in the report that there had been a lack of clarity surrounding budgets and future head count at the company in the recent weeks.
Meta's 2023 expenses
Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion. At that time, company CEO Mark Zuckerberg called 2023 as a "Year of Efficiency."

He even hinted at another round of layoffs. During one of the recent internal meetings, the top executive said that he was looking to speed up the decision-making process of the company by "removing some layers of middle management".