Facebook's Zuckerberg Makes HardChoices 

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10% cost reduction. Horizon seems grim. CEO Zuckerberg warned in June, "This might be one of the worst downturns in recent history."

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Facebook wants to decrease expenses and employees to confront these challenges. According to The

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Wall Street Journal, the company plans to cut spending by at least 10% in the next months

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second-quarter 2022 expenditure of $85-$88 billion, $3 billion less than projected.

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Facebook has 83,553 employees as of June 30, up 32% from 63,404 in 2021.

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The slowdown and possible recession endanger Meta's Facebook

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advertising income. Instagram and WhatApp's owner is also losing market share.

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