Meta CEO says company to slow hiring, won’t rule out more job cuts, WSJ says

Meta CEO Mark Zuckerberg told staff this week that he isn’t ruling out future layoffs and added that he doesn’t anticipate the company to hire as quickly as it did before job cuts that began in late 2022, the Wall Street Journal’s Salvador Rodriguez, Jeff Horwitz, and Sam Schechner report. Zuckerberg addressed workers in a virtual Q&A session just one day after the social media giant completed its latest round of workforce reductions, the authors say. The CEO said that roughly 4,000 employees were affected by the latest cuts, the authors note. See today’s best-performing stocks on TipRanks >>

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