Original Content- Business Upside
According to the Wall Street Journal, Meta platforms Inc. plans to start laying off many employees. Job layoffs might start as soon as this Wednesday. According to the article, the corporation has already instructed employees to postpone any unnecessary travel beginning this week.After a significant decline in revenue at the parent company of Facebook and Instagram, CEO Mark Zuckerberg announced his strategy to restructure teams and slash personnel in September. Meta would be smaller in 2023 compared to this year. The layoffs occur as Meta battles mounting losses and significantly invests in expanding its metaverse company. Its stock price dropped 73% this year.
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