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Facebook's Zuckerberg Makes HardChoices 


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

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

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

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The company estimated 2022 sales of $91 billion to $97 billion in 2021's third quarter. Facebook predicts

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

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

The slowdown and possible recession endanger Meta's Facebook

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