Meta to cut another 10,000 jobs and cancel ‘low priority projects’
https://techcrunch.com/2023/03/14/meta-to-cut-another-10000-jobs-zuckerberg-says/
Meta plans to cut its workforce by another 10,000 people and withdraw around 5,000 open roles that it has not filled, company co-founder and CEO Mark Zuckerberg said Tuesday, confirming recent rumors that another round of layoffs was imminent.
Zuckerberg also said that the company will cancel “lower priority projects,” adding that he “underestimated the indirect costs” associated with these initiatives.