“Facebook parent company Meta would be firing roughly 11,000 workers”.

The business would reduce discretionary expenditure even further and postpone new hiring until March .

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After Twitter's layoff last week, this is the second significant news of employment losses by a major global social media company.

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First mass layoffs in Meta's 18-year existence.

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Meta had been indicating cost savings prior to the firings by taking away some of the benefits offered to its employees.

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Meta’s mass layoffs is the Prominent Indicator of Economic Difficulties.

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