Meta shareholder writes to Mark Zuckerberg asking him to cut jobs

Meta needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said in an open letter to CEO Mark Zuckerberg.

Altimeter said annual free cash flow can be doubled to $40 billion if it cut headcount by at least 20%, trimmed capital expenditure by at least $5B a year and capped annual investment in the metaverse to $5B.

[Via]

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