Tech giant Meta is the latest company to beat Wall Street revenue expectations
While the company said it had"substantially completed" planned layoffs, Meta said it was"continuing to assess facilities consolidation and data centre restructuring initiatives".
Despite the drop in employee numbers, Meta said payroll costs will rise at it moves to employ"higher-cost technical roles". Greater expenses, in the region of $88-91bn for all of 2023, will also come due to legal costs recorded in the three month to the end of June, the results said, more than the $86-90bn previously expected.The owner of WhatsApp, Instagram and Facebook has been slapped with a record fine of €1.2bn.It was the biggest fine ever levied for breach of the general data protection regulations , which require the data holder's permission before using their personal information.
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