Thndr Claps » U.S. Claps » Tech 📲 » Time to cut costs for Meta 🖥
The ClapMeta (NASDAQ: META) wants to reduce costs by 10%.The DeetsThe cost cuts will likely involve job cuts as the Chief Product Officer told employees that the company is “in serious times”. Meta is facing numerous obstacles, with the economic situation deteriorating and with Apple’s new privacy update making it more difficult to deliver demographics to its advertisers.Why this MattersMeta is down 56% this year, much worse than both the S&P 500 and the NASDAQ Composite.What NowThe cost-cutting measures are expected to begin over the next few months.
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