Al-Huwaila Reviews Cooperative Union Development
Reports indicate that Facebook, owned by Meta, has decided to cut its workforce by approximately 20%. This move reflects the company's focus on cost reduction amidst market challenges and shifts in the digital advertising landscape. Data shows that the number of employees will decrease from around 87,000 to about 70,000, following the management's announcement of the layoffs, which aim to improve efficiency and better allocate resources. This comes as part of a series of layoffs and strategic objectives to control spending and ensure the company's profitability sustainability.
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