Meta aims to cut costs by at least 10% within next few months: Report

The company's business has taken a hit in recent months as recession fears and competitive pressures hit digital ads sales

Photo: Bloomberg
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Photo: Bloomberg

Reuters
Meta Inc is looking to trim its costs by at least 10% within the next few months, the Wall Street Journal reported on Wednesday, citing people familiar with the company's plans.
 
The reported figure represents a big jump from the earlier forecast of about 2% to 4% cost cuts that Meta announced in July.
 
To meet its latest target, the Facebook parent has already started nudging out a large number of staffers by reorganizing departments and providing affected employees a limited window to apply for other roles within Meta, the report said.
 
The idea behind the move is to achieve

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First Published: Sep 21 2022 | 11:19 PM IST

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