Crypto Live News

After Twitter, Meta To Begin Layoffs!

Author: Delma Wilson

Delma Wilson right arrow

Author

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

  • author facebook
  • author twitter

Meta is the latest in a string of technology companies to announce layoffs.

Meta, the owner of Facebook and Instagram, will begin large-scale layoffs this week, according to the Wall Street Journal.

The layoffs come as Meta struggles with growing losses and as it invests heavily in developing its metaverse business. Its shares have fallen 73% this year.

The platform declined to comment about the layoff but referred to CEO Mark Zuckerberg’s re­cent state­ment that it would “fo­cus our in­vest­ments on a small num­ber of high pri­or­ity growth ar­eas.”

Back to top button