How short of money Zuckerberg is, Meta employees will not even have independent positions in the future.

Beijing, Nov. 10 (Xinhua) as Facebook hopes to reduce office space and cut expenses, many Facebook employees will no longer be assigned independent office space.

Meta, the parent company of ▲, slashed spending aggressively. Mark Zuckerberg (Mark Zuckerberg), the parent company of Facebook, announced more than 11000 job cuts on Wednesday. In a massive layoff notice to employees, he said that in order to reduce expenses, the company's "real estate space" will shrink, which means offices will be closed or office space will be reduced. As part of this initiative, employees who have largely moved to work remotely since the outbreak will "transition to shared desks", which means they will no longer have a designated workspace, Zuckerberg said.

This is just the beginning. Zuckerberg also said the company will introduce more such cost-cutting measures in the coming months. Separately, Facebook said in a filing with the Securities and Exchange Commission that it would cut its full-year spending forecast for 2023 to $94 billion-$100 billion, down from $96 billion-$101 billion previously planned, with most of the cuts coming from capital spending.