What changes is Meta making to cut costs after firing 11,000 employees?

Meta CEO Mark Zuckerberg, who laid off 11,000 employees, said the company will extend hiring freeze through Q1 and shrink its real estate footprint to cut costs. Meta will transition to desk sharing for people who already spend most of their time outside the office. "We've cut costs across our business, including scaling back budgets and reducing perks," he added.