Meta and Google accelerate cost reduction by rearranging personnel

　US Meta Platforms, which operates Facebook, and Google, which is under the umbrella of Alphabet, are accelerating cost reduction efforts.
　According to several stakeholders familiar with the Meta situation, the company plans to cut expenses by at least 10% in the coming months through personnel cuts, etc. as it faces sluggish business growth and intensifying competition.
　Meta has begun to reduce a considerable number of personnel under the surface through a reorganization of departments, but the target employees are given a fixed transfer period so that they can apply for other positions within the company. The aim was to reduce personnel and at the same time prevent a large number of people from being laid off. $Meta Platforms (META.US)$