Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Wall Street Journal: Meta is planning significant layoffs
- The job cuts are expected to impact thousands of workers and could begin as early as this week, the Journal reported
- Meta has a headcount of more than 87,000, according to a September SEC filing.
- Once boasting a market capitalization of more than $1 trillion last year, Meta is now valued at about $250 billion.
- Last week, rideshare company Lyft said it was axing 13% of employees, and payment-processing firm Stripe said it was cutting 14% of its staff. The same day, e-commerce giant Amazon said it was implementing a pause on corporate hiring.
- Twitter made sweeping cuts across the company
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