Facebook and Instagram owner Meta to lay off another 10,000 staff

[phenomlab]

Looks like META (AKA Facebook) could well be in financial trouble

“The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May.”

Facebook and Instagram owner Meta to lay off another 10,000 staff

Meta is the latest large firm to wield the axe as it tries to ride out a worldwide economic downturn. The latest job cuts announcement comes just four months after the firm cut its global headcount by more than 11,000 employees.