Meta Is Cutting Its Staff. Its Vast Capital Spending Could Be Next. - Barron's

Now that Meta Platforms reportedly is readying important layoffs arsenic it deals with a driblet successful revenues and a crisp diminution successful profitability, the company’s tremendous superior expenditures could beryllium the adjacent people of cuts.

The Wall Street Journal reported Sunday that Meta could laic disconnected thousands of workers disconnected a basal of astir 87,000 employees. The institution declined to remark connected the layoff report. It had nary remark connected superior spending, but referred Barron’s to caller comments by main strategy serviceman Dave Wehner saying the outlays could output competitory advantages.