Meta takes a $4.2B restructuring charge in Q4, which includes costs for early office space termination, data center redesign, and severance for laid-off staff (Mike Isaac/New York Times)

by #AI February 1, 2023 · Automatic

Mike Isaac / New York Times:
Meta takes a $4.2B restructuring charge in Q4, which includes costs for early office space termination, data center redesign, and severance for laid-off staff — The company, which is in the midst of shifting to become a metaverse business, also forecast revenue would beat Wall Street predictions.