Meta Wednesday announced it will let go of more than 11,000 employees or 13 per cent of its total workforce, in one of the biggest layoffs in the US this year. In a blog post posted on the company’s official newsroom, Meta CEO and co-founder Mark Zuckerberg said, “I want to take accountability for these […]
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Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. The broad job cuts, the first in Meta’s 18-year history, follow thousands of layoffs […]
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Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported. Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the company’s missteps and his overoptimism about growth had led to overstaffing, the report added, citing people […]
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Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday […]
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