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IPFS News Link • Business/ Commerce

Zuckerberg's virtual insanity: Facebook billionaire was urged to slash 17,000 jobs --


Meta shareholder Altimeter Capital Management urged Mark Zuckerberg to cut the company's workforce by 20 percent to save money

It also called on expenditures to also be cut by 20 percent and for investments into the controversial Metaverse to be slashed in half 

Altimeter told Zuckerberg his company needed to make the changes in order to retain investors after the company's market value dropped by $65 billion 

Zuckerberg is also reportedly mulling extending a hiring freeze that began in May until the end of the year