Meta (META) could be bracing for a “tornado-like quarter,” says Wedbush Managing Director Dan Ives.
The social media giant, like other tech companies, is scaling back hiring plans as it braces for an economic downturn. This week Meta’s founder and CEO Mark Zuckerberg said the company would cut back its hiring target for this year by at least 30%.
“If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg told employees during a weekly…
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