Facebook owner Meta to cut headcount for first time amid slow ad revenue growth and dour economic outlook

Quick Summary:

Mark Zuckerberg outlined plans to reduce headcount, including restructuring teams and a hiring freeze, as Apple’s privacy restrictions and economic headwinds weigh on revenue.

The logo of Meta Platforms seen in Davos, Switzerland, on May 22, 2022.

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Article Details

Author / Journalist: Bloomberg

Category: Economy

Markets: Hong KongSwitzerland

Topics: Seen Switzerland 2022 Davos Logo Platforms Meta

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-30 @ 10:42:10 (4 months ago)

News Timezone: GMT +8:00

Ranking: #1332 (out of 2999 stories this day)

News Source URL: scmp.com

Language: English

Article Length: 26 words

Reading Time: 1 minutes read

Sentences: 2 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 631683

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 4 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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