Filing: Meta slashes expenses on reduced hiring and capex investments

Meta’s body blow layoff announcement will see the parent of Facebook, Instagram and WhatsApp making its first-ever major layoffs as a company, cutting 11,000 employees, 13% of its total; predictably investors are responding favorably, bumping the stock up by over 5% in pre-market trading. Learn more about your ad choices. Visit podcastchoices.com/adchoices