"Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday."
https://finance.yahoo.com/news/meta-delays-setting-team-budgets-155625415.html
awesome.... another round ...
worth noting that the esg capital zuchinniberg is receiving from investors isn't for the facebook platform but for the metaverse. mark isn't trying to please the userbase, he's trying to please the investors that want this technology for their own purposes.
middle management/directors is the target. About 1,200 to 2,000 will be gone.
For all you managers and Directors, if you have no reports, consider yourself gone. For others, it comes down to how quickly you can build up that empire
Stock price already normalised, unless they come up with something other than the metaverse the market won't like the stock for long.