💰 Meta delays setting team budgets as Facebook parent plans fresh round of layoffs, Financial Times reports

TL;DR

Meta did not immediately respond to a Reuters request for comment outside of normal business hours. Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency. Earlier this month, Meta announced that it expects its 2023 expenses at between $89 billion and $95 billion, with CEO Mark Zuckerberg calling the period a "Year of Efficiency

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