Trending: Facebook Parent Meta to Cut 13% of Staff
09 Novembre 2022 - 08:36PM
Dow Jones News
14:06 ET -- Meta Platforms Inc. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The Facebook and Instagram parent said
it plans to cut 11,000 employees, or about 13% of its staff, across
all businesses. Chief Executive Mark Zuckerberg said he was
over-optimistic about growth and overstuffed the workforce,
according to a report from The Wall Street Journal. The layoffs are
Meta's first major job cuts since its inception in 2004. The
company is also reducing office space, moving to desk sharing and
extending a hiring freeze. Meta shares were recently up 6% at
$102.23. Dow Jones & Co. owns Factiva.
(jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
November 09, 2022 14:21 ET (19:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Grafico Azioni Meta Platforms (NASDAQ:META)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Meta Platforms (NASDAQ:META)
Storico
Da Mar 2023 a Mar 2024