Exclusive: Meta CEO tells employees he does not expect more company-wide layoffs this year, internal memo says

Meta CEO Mark Zuckerberg told employees in an internal memo that he does not expect any more company-wide layoffs this year. The update suggests labor costs and workforce reductions are not likely to be an additional near-term headwind. The news is largely reassuring but limited in immediate market impact.

Analysis

Meta CEO Mark Zuckerberg told employees in an internal memo that he does not expect any more company-wide layoffs this year. The update suggests labor costs and workforce reductions are not likely to be an additional near-term headwind. The news is largely reassuring but limited in immediate market impact.