Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees...

Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees...

Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees in its workforce amidst a “cultural shift” in the company. Mark Zuckerberg, CEO of the company, explained this decision was made due to a need to become more “capital efficient,” and described the next steps the company will take moving forward. Meta Fires 13% of Workforce Mark Zuckerberg, CEO of Meta, the company previously known as Facebook, announced today the company would cut jobs for 13% of its workforce, letting go of more than 11,000 employees in....


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Meta joins big tech layoffs, lets go of 11,000 employees

The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history. The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his employees, Meta CEO Mark Zuckerberg announced the layoffs and also reiterated that the hiring freeze, which began earlier this year, will be extended into the first fiscal quarter of next year. According to the statement published through Meta’s newsroom, the layoffs terminated 11,000....

Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce D...

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Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?

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