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Parmy Olson - Facebook's era of austerity couldn't have come at a worse time

Parmy Olson – Facebook’s era of austerity couldn’t have come at a worse time

You can’t control when a recession hits. But although tech platforms like Alphabet Inc. and Snap Inc. are weakening in the face of the global economic rout, Meta Platforms Inc.’s own restructuring couldn’t come at a worse time for the company. Meta CEO Mark Zuckerberg told staff on Thursday to expect job cuts and a …

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Analysis |  Facebook's austerity era couldn't have come at a worse time

Analysis | Facebook’s austerity era couldn’t have come at a worse time

You can’t control when a recession hits. But although tech platforms like Alphabet Inc. and Snap Inc. are weakening in the face of the global economic rout, Meta Platforms Inc.’s own restructuring couldn’t come at a worse time for the company. Meta CEO Mark Zuckerberg told staff on Thursday to expect job cuts and a …

Analysis | Facebook’s austerity era couldn’t have come at a worse time Read More »