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

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