According to The Information, which cited people familiar with the subject, Meta Platforms is considering lowering the money it offers news organisations as it reevaluates the agreements it has formed in recent years.
According to the story, which cited sources, Facebook has seen that less people are clicking on links. Moreover, to news items after Donald Trump left office.
Instagram’s parent company did not immediately respond to a request for comment from Reuters.
Meta announced this week that it would pause its employee growth. Because after posting its worst sales growth in a decade. And that Chief Executive Officer Mark Zuckerberg would slash expenditures.
Meta Platforms Inc is reducing its employee expansion. Also, since the Facebook parent attempts to cut costs, the business announced on Wednesday.
“We regularly re-evaluate our talent pipeline according to our business needs. And in light of the expense guidance given for this earnings period. We are slowing its growth accordingly”. A Meta spokesperson said in an e-mailed statement.
According to Business Insider. The company is decreasing hiring expectations. And has temporarily halted hiring for the rest of the year. Citing an internal memo to employees.
Last week, Meta Platforms reported its worst revenue growth in a decade. And CEO Mark Zuckerberg announced that the company would cut expenditures.