Meta Platforms, which announced earlier this week that it expects to reduce its team size by around 10,000 people and to close around 5,000 additional open roles that haven’t yet been filled, has started carrying out the cuts by letting go about 1,500 employees in recruiting and human resources, people familiar with the matter told Bloomberg’s Ed Ludlow. Meta founder and CEO Mark Zuckerberg will address staff later today, one source said.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on META:
- Benchmark sees low odds of any formal TikTok ban in U.S. through 2024
- Meta Platforms price target raised to $230 from $210 at Roth MKM
- Snap and Meta Up after Reports that U.S. May Ban TikTok
- Meta Platforms price target raised to $280 from $250 at Wells Fargo
- Raymond James Pounds the Table on Meta Stock
