It is reported that costs should be reduced by at least 10%. The reason for this is the slowdown in the company’s growth rate and increased competition. This is planned to be done in part through layoffs.

“It happens invisibly thanks to the reorganization of departments. As a result, employees outside their departments are given a limited window to apply for other positions within the company. As a result, many of these employees are unemployed at the company,” say sources familiar with the situation.

Meta followed the example of Apple and Microsoft. These IT giants are also laying off their employees. For example, Apple has already laid off about 100 employees from contractors, and while Microsoft is laying off about 1,800 people, hiring of new employees will slow.

Source: Ferra

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