15 Mar 2023

10,000 more jobs to go at Facebook's parent company

From Morning Report, 7:22 am on 15 March 2023

Mark Zuckerberg has announced more than ten thousand jobs will be axed from Facebook's parent company Meta - and 5000 roles that are currently vacant will not be filled.

The tech industry has laid off more than 280,000 workers since the start of 2022, and it's no secret Meta is struggling with a post-pandemic advertising slump.

What does this mean in an already chaotic week for the tech sector? 

Wedbush Securities managing director and technology analyst Daniel Ives spoke to Corin Dann.