Filing: Meta slashes expenses on reduced hiring and capex investments
TechCrunch Industry News · TechCrunch
November 9, 20225m 18s
Audio is streamed directly from the publisher (mgln.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Meta’s body blow layoff announcement will see the parent of Facebook, Instagram and WhatsApp making its first-ever major layoffs as a company, cutting 11,000 employees, 13% of its total; predictably investors are responding favorably, bumping the stock up by over 5% in pre-market trading.
Learn more about your ad choices. Visit podcastchoices.com/adchoices