Salem Radio Network News Saturday, March 25, 2023


Facebook parent Meta slashes another 10,000 jobs


( ) -q-17- UNDATED (Correspondent Jeremy House) “on the metaverse.”

Facebook’s parent Meta will slash another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

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TAG: Correspondent Jeremy House reporting. In February, Meta posted lower fourth-quarter profit and revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

VERBATIM: The company says it will reduce the size of its recruiting team. It will then make further cuts in its tech groups in late April, as well as its business groups in late May. The Menlo Park, California, company has been investing billions of dollars to realign its focus on the metaverse.

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