Brace For Recession: Large-Scale Layoffs At Meta Continues The Twitter Path!
Following the takeover by Elon Musk, Twitter announced the layoff of 50% of its 7,500-strong workforce. We forecasted that this would only be the beginning of a layoff tsunami on the road to a global recession. According to WSJ, Meta Platforms Inc., the parent company of Facebook and WhatsApp, is planning to begin large-scale layoffs this week. It could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.