Meta looks to cut costs by at least 10%; Employees to help achieve the target by losing jobs?

  • The reported figure represents a big jump from the earlier forecast of about 2% to 4% cost cuts that Meta announced in July.
  • To meet its latest target, the Facebook parent has already started nudging out a large number of staffers by reorganizing departments and providing affected employees a limited window to apply for other roles within Meta.

[Via]