At the same time, he cautioned that the corporation may suffer “near-term revenue issues.” According to Zuckerberg, the company’s revenue for the quarter was $28 billion, which was in line with analyst projections but “still below where I believe we should be.”
Zuckerberg also indicated that Meta will continue to reduce employment as revenue growth slows. “Some teams will expand significantly, but the majority of other teams will remain stable or diminish over the next year,” he said. “In overall, we plan to conclude 2023 as around the same size, if not somewhat smaller, as we are now.”
