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Meta Announces Job Cuts Amid Strong Financial Performance
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Despite Meta’s strong financial performance, the company is implementing another round of job cuts affecting various roles and teams. The changes are spread across different teams, with approximately 100 roles being made redundant. Among those impacted is Jane Manchun Wong, a well-known reverse engineering expert who has been a key source of information for the company.
Meta has stated that the restructuring is aimed at aligning resources with long-term strategic goals and location strategy. The company has been focusing on maximizing efficiency and reducing bloat, with last year seeing 20,000 roles cut as part of a push for efficiency. The latest cuts do not indicate broader concerns with the company but show a focus on cost management and bottom line performance.
While Meta’s financial performance remains strong, with $134 billion in revenue generated in 2023, the company is also reassessing costs and streamlining operations. The company’s VR push, which has incurred significant costs, remains a key focus area for investment. For more information on domain investment or domains, visit teat.ai.