Meta is reportedly aiming to slash expenses by 10% or more.
Facebook’s corporate parent Meta — scrambling to slash costs as its stock price tanks — has imposed a “30 day list” that requires some employees to either find a new job within the company or leave, according to a report.
Street Journal that the current cost-cutting push is forcing out employees with a history of solid performance.Meta spokesman Tracy Clayton declined The Journal’s request for comment on how many workers have been placed on the “30 day list” or faced out of the company. Clayton said the policy actually helps Meta retain talented employees they would otherwise lose during restructuring.“We’ve been public about the need for our teams to shift to meet these challenges,” Clayton told the newspaper.
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