Meta Employee Making $400K A Year Says They Were Fired After Using $25 Dinner Credit To Buy Toothpaste
Portfolio Pulse from Rounak Jain
Meta Platforms Inc. (NASDAQ:META) has terminated 24 employees in Los Angeles for misusing meal credits to purchase non-food items. This action is part of a broader restructuring effort aimed at increasing efficiency across its platforms.
October 18, 2024 | 11:40 am
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Meta Platforms Inc. has fired 24 employees for misusing meal credits, reflecting its ongoing restructuring efforts to enhance efficiency. This move is part of a broader strategy to streamline operations following rapid expansion during the pandemic.
The firings are part of Meta's restructuring efforts to improve efficiency, which is a continuation of its strategy to maintain a leaner structure post-pandemic. While this indicates a focus on cost control and policy enforcement, it may not have a direct short-term impact on stock prices.
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