Meta Layoffs October 2024. Overhiring and a prevailing industry approach to becoming “leaner” is driving the latest wave of layoffs. Its stock price, meanwhile, hit a record in early march.
The final total of layoffs for 2023 ended up being 262,735,. Tech layoffs conducted in 2023 were 59% higher than 2022’s total, according to the data in the tracker.
That's Up From A Loss Of $13.7 Billion In 2022.
The company said it projects expenses in 2024 to be in the range of $94 billion to $99 billion, while final costs in 2023 are expected to land in the range of $87 billion to $89 billion.
Tech Layoffs Conducted In 2023 Were 59% Higher Than 2022’S Total, According To The Data In The Tracker.
Cnbc says it spoke with former meta employees and viewed documents filed with the us department of labor that indicate the company’s massive layoffs affected workers.
Its Stock Price, Meanwhile, Hit A Record In Early March.
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Meta Also Slashed 13% Of Its Workforce In November 2022, The First Time The Wildly Successful Social Media Company Had Made Layoffs.
Zuckerberg also said that the.
Facebook Owner Meta Slashes Business Teams In Final Round Of Layoffs.
The final total of layoffs for 2023 ended up being 262,735,.