Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising
Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
If you assume $250k of total comp for $META employees and $300k of total comp for $GOOG employees, then... $META has added $7B of headcount costs since 2020 $GOOG has added $16.5B of headcount costs since 2020 For perspective, Google's FCF net of stock https://www.ft.com/...... h…