Meta, the parent company of Facebook, Instagram, and WhatsApp, has confirmed a massive round of layoffs, amounting to 13% of its workforce.
Meta’s path to where it is today is one that many companies have taken over the last year, though the tech titan’s effects are amplified somewhat by its size.
In reality, a number of factors have contributed to Meta’s decline. Apple’s App Tracking Transparency (ATT) framework,
Aside from layoffs, Meta stated that it is reviewing its infrastructure spending to optimize capacity efficiency