There had been a lack of transparency over finances and projected head counts in recent weeks.
Meta has delayed finalizing the budgets of multiple teams as fresh job cuts loom, Reuters reported.
According to Reuters, there had been a lack of transparency over finances and projected head counts in recent weeks.
Earlier this month, Meta outlined its expectations for the year 2023, with expenses at between $89 billion and $95 billion.
Chief Executive Officer of Meta, Mark Zuckerberg said 2023 was a, “Year of Efficiency.”
In November 2022, the firm cut off more than 11,000 jobs which equal 13% of its workforce.
Other giant tech companies such as Amazon and Microsoft also announced thousands of layoffs due to the tough economic times.
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