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Meta's looming layoffs & path forward, Airbnb answers concerns & more | E1606
This Week in Startups
Meta Layoffs Are Expected to Be Huge
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The Wall Street Journal reports that meta is planning quote large scale layoffs this week. The company had over 87,000 employees as of September 30th and was up 28% year over year over Q3 2021. With these significant cuts, we're going to be looking at what will feel like a recession for tech? This is the official sign that we are headed into some legit tough times in the industry.
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