Facebook is collapsing 12,000 employees to be fired Ad increase & meta hiring freeze

Facebook is starting to collapse as they're planning to layoff 12,000 people as they can't seem to be making enough money. Meanwhile their parent companies Instagram is to increase ad load & meta are announcing hiring freeze.

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Article:
Facebook purges thousands of employee's - https://nypost.com/2022/10/04/facebook-to-purge-thousands-of-workers-in-quiet-layoffs/

Instagram to increase ad loads - https://techcrunch.com/2022/10/04/instagram-to-increase-ad-load-as-meta-fights-revenue-decline/

Facebook parent Meta reportedly announces hiring freeze - https://www.theguardian.com/technology/2022/sep/29/facebook-meta-hiring-freeze-mark-zuckerberg#:~:text=Fears%20of%20layoffs%20as%20Facebook%20parent%20Meta%20reportedly%20announces%20hiring%20freeze,-Chief%20executive%20Mark&text=Meta%20employees%20have%20been%20warned,”%2C%20Bloomberg%20News%20has%20reported.

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