BEAMSTART Logo

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

SCMP LogoSCMP4 mo ago

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

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.


More Pictures

Facebook owner Meta to cut headcount for first time amid slow ad revenue growth and dour economic outlook - SCMP (Picture 1)

or

Article Details

Author / Journalist: Bloomberg

Category: Economy

Markets:

Topics:

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

View Article Analysis

About SCMP

SCMP Logo

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

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Facebook owner Meta to cut headcount for first time amid slow ad revenue growth and dour economic outlook" has 26 words across 2 sentences, which will take approximately 1 minutes for the average person to read.

Which news outlet covered this story?

The story "Facebook owner Meta to cut headcount for first time amid slow ad revenue growth and dour economic outlook" was covered 4 months ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 4 news stories per day.

It's most recent story was published 1 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #631683
  • URL: https://beamstart.com/news/facebook-owner-meta-to-cut-16645066488491

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.