Report Wire - Meta quietly reduces employees in cost-cutting push

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Meta quietly reduces employees in cost-cutting push

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The moves come after weeks of Meta executives publicly discussing the need for hiring freezes and “ruthless prioritization” of its business, while avoiding use of the word layoffs (Photo: Reuters)

Meta Platforms Inc. is planning to chop bills by a minimum of 10% within the coming months, partly by way of employees reductions, because the social-media big confronts stalling development and elevated competitors, in response to folks acquainted with the corporate’s plans.

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