Source: Yahoo! Finance
“Meta Platforms Inc. has confirmed layoffs across multiple teams, including Instagram, WhatsApp, and Reality Labs. … These layoffs are part of Meta’s ongoing ‘Year of Efficiency,’ which was initially a temporary measure but has now become a permanent part of the company’s operations. Meta CEO Mark Zuckerberg has been focusing on more efficient operational models, leading to significant changes within the company. ‘It was really tough, we parted with a lot of talented people we cared about,’ Zuckerberg said about Meta’s past layoffs in February. ‘But in some ways actually becoming leaner kind of makes the company more effective.'” (10/17/24)
https://finance.yahoo.com/news/meta-confirms-layoffs-across-instagram-000015855.html