The Facebook group Meta performed better than expected in the past quarter, despite another decline in sales. Group sales fell year-on-year by four percent to a good $32.16 billion (around €29.3 billion). The relief of investors erupted in a pre-market price jump of around 20 percent. Founder and boss Mark Zuckerberg promised further cost reductions: 2023 should be a “year of efficiency” for the group. The focus is on becoming “stronger and more agile”. Meta will remove entire layers of middle management so decisions can be made faster. Paralyzed projects should be stopped more quickly. Meta had already announced that around 11,000 jobs would be cut last fall.
Facebook Group – Meta plans to continue saving and firing – economy
