In yet another sign of the Big Tech industry’s woes, social media giant Meta Platforms, Inc., the parent company of Facebook, is planning on laying off thousands of employees as early as Wednesday, according to the Wall Street Journal. This follows news that Twitter boss Elon Musk ordered wide-scale layoffs at his company last week, cutting staff by 50 percent from about 7,500 to 3,750. (Weirdly, there are reports circulating Sunday that he’s already asking some of them to come back.)Read More
Meta Madness: Facebook Parent to Lay off Thousands, Stock Down 70% for the Year
