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