an interview withNicola MendelsohnVice President, Global Business Group

Meta’s shares plummeted after the company reported its third-quarter earnings in late October.

Less than two weeks later, Meta confirmed plans to lay off 11,000 employees, or about 13% of its total workforce.

Although Meta’s former CFO (and now chief strategy officer) Dave Wehner told investors that the revenue impact of Apple’s holy fury (aka its ATT privacy changes in iOS) has begun to wane, there’s still a “volatile macroeconomic outlook” to contend with and weak ad demand heading into the fourth quarter.

You’d be hard-pressed to find a transcript of an earnings call from last quarter that doesn’t at least mention “a challenging economic environment,” “this time of high inflation,” the…