Meta plans further job cuts amid delays in setting teams' budgets: report

clock • 2 min read
Meta plans further job cuts amid delays in setting teams' budgets: report
Image:

Meta plans further job cuts amid delays in setting teams' budgets: report

The uncertainty is making it difficult for managers to plan their workloads

Facebook parent Meta has delayed setting budgets for certain teams as it anticipates more job cuts, the Financial Times reported on Sunday. This move is part of CEO Mark Zuckerberg's efforts to ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Cisco cuts more than 4,000 jobs

Corporate

The tech giant, whose customers are still digesting orders received following the clearing of the massive backlog, saw weak product revenues in Q2 2024. Cisco also confirmed that it would be cutting jobs globally to adjust expenses focus on key growth...

clock 15 February 2024 • 3 min read
Cisco: significant job cuts likely

Corporate

Company reportedly set to announce layoffs on its earnings call this week

clock 13 February 2024 • 1 min read
WhatsApp to support cross-platform messaging

Social Networking

Impending EU regulations are driving WhatsApp towards interoperability

clock 09 February 2024 • 2 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

Google, Anthropic announce measures to combat election disinformation

Google, Anthropic announce measures to combat election disinformation

Anthropic's AI will steer people towards reputable sources while Google will launch a 'prebunking' campaign

clock 19 February 2024 • 3 min read
Microsoft pledges €3.2 billion for German AI

Microsoft pledges €3.2 billion for German AI

Aims to double AI and data centre infrastructure

Vikki Davies
clock 16 February 2024 • 2 min read
Cisco cuts more than 4,000 jobs

Cisco cuts more than 4,000 jobs

The tech giant, whose customers are still digesting orders received following the clearing of the massive backlog, saw weak product revenues in Q2 2024. Cisco also confirmed that it would be cutting jobs globally to adjust expenses focus on key growth...

Gina Narcisi
clock 15 February 2024 • 3 min read