meta layoffs

In a rather unprecedented move, one of the biggest tech companies in the world has laid off 13% of its staff. Meta, the parent company of Facebook, announced that 11,000 employees across the world have been asked to leave. In a blog post, Meta CEO Mark Zuckerberg said that these have been “some of the most difficult changes we’ve made in Meta’s history.” Zuckerberg went in detail on why the company had fired a chunk of its employees and these are the eight main reasons:18Increased investments in e-commerceZuckerberg said…

Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs. Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant's history.The reductions, equal to about 13% of the workforce, were disclosed Wednesday in a statement. The company will also extend its hiring freeze through the first quarter. “I want to take accountability for…