"Meta is expected to outpace its rivals in the digital ads market, with global net ad revenue projected to reach $243.46 billion by 2026, surpassing Google's $239.54 billion."
"Despite a 3% decline in net income to roughly $60 billion in 2025 compared to 2024, Meta is still performing better than many competitors in the tech industry."
"The layoffs at Meta are part of broader cost-cutting efforts, as the company aims to streamline operations while investing heavily in artificial intelligence and new technologies."
"From January to March, tech companies announced 52,050 layoffs, a 40% increase from the same period last year, indicating a significant shift in the job market."
Meta is set to lay off 8,000 employees, approximately 10% of its workforce, in May as part of cost-cutting measures. The company will also close 6,000 open roles. This decision follows a trend among tech companies that have reduced their workforces since 2022 after a hiring surge during the pandemic. Despite these layoffs, Meta's digital ads business is growing, and it is expected to become the top player in digital ads by 2026, with significant investments in artificial intelligence and new hardware.
Read at Miami Herald
Unable to calculate read time
Collection
[
|
...
]