Facebook\u002Dparent Meta is reportedly planning a fresh round of job cuts in a reorganization and downsizing effort.
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Last year’s layoffs were the first in Meta’s 18-year history. Other tech companies have cut thousands of jobs, including Google parent Alphabet, Microsoft Corp and Snap Inc.Meta aggressively hired during the pandemic to meet a surge in social media usage by stuck-at-home consumers. But business suffered in 2022 as advertisers and consumers pull the plug on spending in the face of soaring costs and rapidly rising interest rates.
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