Meta delays setting teams' budgets as it prepares for more jobs cuts

Meta is just one of several tech firms laying off workers after headcount ballooned during the pandemic.

Meta, which also owns Instagram, fired 13% of its workforce in November.  Photographer: Leah Farrell / RollingNews.ie

Facebook owner Meta has delayed setting budgets for some of its teams as it prepares for more jobs cuts under CEO Mark Zuckerberg’s drive to reduce costs, according to the Financial Times.

Staff have complained that “zero work” is getting done amid a lack of clarity about budgets or future headcount in recent weeks, the newspaper reported Saturday, citing two unidentified employees.