WhatsApp, Facebook And Other Meta Companies To Fire 11,000; Read Letter From Mark Zuckerberg Here
2 years, 1 month ago

WhatsApp, Facebook And Other Meta Companies To Fire 11,000; Read Letter From Mark Zuckerberg Here

News 18  

Social media giant Meta, that owns WhatsApp, Facebook, Instagram and other companies have announced a massive round of layoffs. Here’s the full letter by Mark Zuckerberg to employees working at Meta companies. We’ve shifted more of our resources onto a smaller number of high priority growth areas — like our AI discovery engine, our ads and business platforms, and our long-term vision for the metaverse. But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go. There’s a notice period before termination and some visa grace periods, which means everyone will have time to make plans and work through their immigration status.

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History of this topic

Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year
2 weeks ago

Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year

Firstpost  

Meta has channelled its energy into artificial intelligence, predicting capital expenditure could reach $50 billion next year. However, user growth across Meta’s platforms has been slower than analysts hoped Meta’s cost-cutting wasn’t limited to layoffs. Image Credit: Reuters Last year, Facebook’s UK operations saw major changes as its parent company, Meta, slashed over 700 jobs and introduced aggressive cost-cutting measures. …

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'
2 months, 1 week ago

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening
10 months ago

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening

India Today  

In a recent interview with Morning Brew Daily's podcast, Meta's CEO Mark Zuckerberg delved into the ongoing wave of tech layoffs, shedding light on why this trend shows no signs of ending anytime soon. Zuckerberg attributed the persistent layoffs to a paradigm shift among companies towards leaner operations and continued adjustments to the post-pandemic landscape. Highlighting the evolving mindset within …

Meta Q3 Results: Facebook parent beats revenue, profit estimates
1 year, 1 month ago

Meta Q3 Results: Facebook parent beats revenue, profit estimates

Live Mint  

Meta Platforms, the owner of social media platforms Facebook and Instagram, beat expectations for third-quarter profit and revenue on Wednesday led by a recovery in digital advertising spending. Meta, which also owns WhatsApp, reported a 23% rise in revenue to $34.15 billion for the quarter ended September, growing at the quickest pace in two years. The company forecast 2024 spending …

Twitter threatens to sue Meta for hiring employees Elon Musk had fired
1 year, 5 months ago

Twitter threatens to sue Meta for hiring employees Elon Musk had fired

Live Mint  

Elon Musk after completing his takeover bid of Twitter fired almost half of the company's 7,800 employees. However, a day after Mark Zuckerberg's Meta platform released Twitter's rival platform Threads, the Elon Musk's company is threatening to sue them for hiring employees Twitter had fired! Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, …

Meta and Google among top paying companies in 2022 despite firing thousands of employees
1 year, 6 months ago

Meta and Google among top paying companies in 2022 despite firing thousands of employees

India Today  

Facebook’s parent company Meta and Google’s parent company Alphabet have collectively laid off thousands of employees till now. However, despite the mass layoffs, the companies were amongst the top three paying companies last year, a new report states. Meta and Alphabet amongst top payers According to a Business Insider report originally attributed to The Wall Street Journal, Meta and Google …

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs
1 year, 6 months ago

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs

ABP News  

Owner of Facebook, Meta Platforms Inc, cut jobs across its business and operations units on Wednesday, reported by news agency Reuters. Earlier this year, Meta became the first Big Tech firm to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall. Mark Zuckerberg, CEO, Meta Inc, in March had said the …

Facebook owner Meta starts final round of layoffs
1 year, 6 months ago

Facebook owner Meta starts final round of layoffs

The Hindu  

Meta Platforms Inc. carried out the last batch of a three-part round of layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

Hindustan Times  

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

Live Mint  

Meta Platforms Inc on Wednesday started a fresh round of layoffs, as part of its plan to cut 10,000 jobs across all its platforms- WhatsApp, Instagram, and Facebook. In March, Mark Zuckerberg, the Chief Executive of Meta, stated that the majority of the company's layoffs in the second round would occur in three distinct phases spanning several months, with the …

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week
1 year, 7 months ago

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week

ABP News  

Facebook parent Meta isn't done with job cuts and it is likely to fire 6,000 more employees next week, media reports say. According to Nick Clegg, the firm's President of Global Affairs, the third wave of job cuts at Meta will happen next week, says a report by Vox. Earlier in March, Meta CEO Mark Zuckerberg announced that the company …

Facebook parent Meta posts solid 1Q results, stock soars
1 year, 7 months ago

Facebook parent Meta posts solid 1Q results, stock soars

Associated Press  

Facebook parent company Meta’s first-quarter results surpassed Wall Street’s modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.” Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per …

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump
1 year, 7 months ago

Boost for Mark Zuckerberg as Facebook-owner Meta breaks year-long slump

The Telegraph  

Shares in Facebook’s parent company Meta soared last night as it broke a losing streak to post its first rise in sales in a year. However, profits fell by 24pc and the company revealed a big drop in sales at its virtual reality division, showing that Mark Zuckerberg’s expensive bet on the metaverse is stuttering. The company’s overall revenue rise, …

Meta layoff: Most staffers who combat misinformation lost their jobs
1 year, 8 months ago

Meta layoff: Most staffers who combat misinformation lost their jobs

India TV News  

Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs which began earlier this week. Meta kicked off a fresh round of layoffs this week, handing over pink slips to employees with technical backgrounds globally. In March, Meta CEO Mark Zuckerberg announced that the company would cut 10,000 jobs in …

Facebook-Parent Meta To Lay Off 10,000 Employees: Report
1 year, 8 months ago

Facebook-Parent Meta To Lay Off 10,000 Employees: Report

ABP News  

Meta Platforms, the parent company of social media giants such as Facebook and Instagram, is gearing up for another round of companywide layoffs as it works to achieve greater efficiency. The company has announced plans to cut 10,000 positions across its various brands, including Facebook, WhatsApp, Instagram, and Reality Labs, the arm of the company responsible for virtual reality efforts …

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report
1 year, 8 months ago

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report

Hindustan Times  

Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency. The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual …

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs
1 year, 8 months ago

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs

India TV News  

Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency. In the fresh round of layoffs, around 4,000 high-skilled employees could be impacted, beginning Wednesday. In an internal memo seen by The Washington Post, Meta said that "the company …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says
1 year, 9 months ago

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Zuckerberg said the layoffs were part of a “restructuring” and Meta’s “year of efficiency”. “It will …

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?
1 year, 9 months ago

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?

Hindustan Times  

Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months. As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg said in a statement on Tuesday. But Zuckerberg …

Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Meta to lay off 10,000 employees in second round of job cuts

Firstpost  

California: Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Chief Executive …

Facebook parent Meta to cut 10,000 jobs: Report
1 year, 9 months ago

Facebook parent Meta to cut 10,000 jobs: Report

Hindustan Times  

Mark Zuckerberg's Meta has decided to undertake another mass-layoffs downsizing its workforce by 10,000 employees. Meta In an email to employees on Tuesday, Meta CEO Zuckerberg stated that the company will conduct multiple rounds of job cuts in the coming months, as well as cancel some projects and reduce hiring rates, a report from The Wall Street Journal said. Notably, …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push
1 year, 9 months ago

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push

LA Times  

Meta Platforms Chief Executive Mark Zuckerberg has been calling 2023 the “year of efficiency.” The latest round of job cuts follows layoffs in November, which reduced the company’s workforce by 11,000 people, or 13% of its staff. Meta Platforms plans to lay off about 10,000 employees and close about 5,000 open roles in its second major round of job cuts …

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo
1 year, 9 months ago

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo

India Today  

Meta CEO Mark Zuckerberg announced second round of layoffs on Tuesday. Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing …

Google and Meta over-hired and laid off employees had no work to do, says C3.ai CEO
1 year, 9 months ago

Google and Meta over-hired and laid off employees had no work to do, says C3.ai CEO

India Today  

The tech industry is coming to terms with major upheavals in the job market that have taken place in the last couple of months. Tech giants like Meta, Google, Amazon, Microsoft, and Twitter, among others, announced mass layoffs in the last few months and yet another round of layoffs is expected at Meta soon. Amidst all that is going on, …

Facebook owner Meta to cut 10,000 jobs in second round of layoffs
1 year, 9 months ago

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Al Jazeera  

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’. Meta Platforms has announced it will slash a further 10,000 jobs in a second round of mass layoffs as the Big Tech industry braces for a deep economic downturn. Worries of an economic downturn due to rising interest rates have sparked a series of …

Facebook-parent Meta plans to lay off another 10,000 employees
1 year, 9 months ago

Facebook-parent Meta plans to lay off another 10,000 employees

CNN  

CNN — Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. In a Facebook post Tuesday, CEO Mark Zuckerberg said the job cuts will take place “over the next couple of months.” “We expect to announce restructurings and layoffs in our tech groups in …

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
1 year, 9 months ago

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks

CNN  

New York CNN — “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the once-impervious social media company will cut another 10,000 jobs in the months ahead. “At this point, I think we should prepare ourselves for the possibility that this new economic reality will …

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'
1 year, 9 months ago

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

NPR  

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency' Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday. The world economy changed, competitive pressures grew, and our growth …

Facebook-parent Meta plans new job cuts that could match last year’s tally
1 year, 9 months ago

Facebook-parent Meta plans new job cuts that could match last year’s tally

The Hindu  

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to …

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…
1 year, 9 months ago

Zuckerberg's Meta to sell Kustomer business software to cut costs? It says…

Hindustan Times  

Meta Platforms Inc said on Friday it is exploring strategic alternatives for customer service company Kustomer that it acquired in a process ending last year. "We are currently exploring strategic alternatives for Kustomer and will continue to support Kustomer's product and customer base throughout this process," the Facebook owner said in an emailed statement to Reuters, without providing additional details …

Facebook parent Meta plans new layoffs: Report
1 year, 9 months ago

Facebook parent Meta plans new layoffs: Report

Deccan Chronicle  

Washington : Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal. Among projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta's hardware and metaverse division, the people said, suggesting a near-term …

Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 9 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson …

Meta plans to cut thousands of jobs as soon as this week
1 year, 9 months ago

Meta plans to cut thousands of jobs as soon as this week

Deccan Chronicle  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report
1 year, 9 months ago

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report

Hindustan Times  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta likely to layoff more workers in the coming week
1 year, 9 months ago

Meta likely to layoff more workers in the coming week

India Today  

The layoff season is not over in Meta yet. Meta has given "subpar ratings" to thousands of employees during its latest performance review, which hints at more layoffs in the coming months. Previously, managers at Meta gave around 10 per cent of employees a rating of "meets most", which is the second-lowest rating at the company. The Wall Street Journal …

Second wave of layoffs in Meta
1 year, 9 months ago

Second wave of layoffs in Meta

India TV News  

After laying off more than 11,000 employees making nearly 13% of its workforce, Meta, the parent company of Facebook, plans to make additional cuts with another wave of layoffs. Image Source : FREEPIKJob Loss The company also plans to push certain executives to lower-level roles without direct reports. By reassigning some leaders to lower-level jobs without direct responsibility, Meta hopes …

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report
1 year, 10 months ago

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report

ABP News  

Meta Platforms Inc, the parent firm of Facebook, is planning another fresh round of job cuts in bid to reorganise and downsize. Meta last year said it will let go of 13 per cent of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market. According to the Reuters’ report, Meta plans …

Meta plans fresh round of job cuts months after laying off over 11,000 workers
1 year, 10 months ago

Meta plans fresh round of job cuts months after laying off over 11,000 workers

Live Mint  

After firing more than 11,000 employees towards the end of last year, Facebook Parent company Meta is now planning a fresh round of job cuts. According to a Washington Port report citing people familiar with the matter, the company is also planning to push some leaders into lower-level roles without direct reports - essentially flattening the layers of management between …

Meta Gearing Up For Fresh Layoffs Around March, Months After Firing 11,000 Employees
1 year, 10 months ago

Meta Gearing Up For Fresh Layoffs Around March, Months After Firing 11,000 Employees

ABP News  

Months after laying off 11,000 employees, Meta is gearing up for a fresh round of job cuts, according to a report by the Financial Times. The report cited two people familiar with the matter saying that there has been a lack of clarity around budgets and the future headcount at the social networking giant and Facebook parent. The fresh layoffs …

Meta team budgets on standby as company braces for more layoffs
1 year, 10 months ago

Meta team budgets on standby as company braces for more layoffs

The Hindu  

Facebook parent Meta has hit pause on finalising several team budgets as it prepares for a new round of layoffs after slashing over 11,000 jobs in November 2022, according to the Financial Times on Saturday. Like other Big Tech companies such as Amazon, Microsoft, and Google that also fired staff, the Instagram and WhatsApp owner cut its workforce by 13% …

Meta posts upbeat outlook, plans $40 billion buyback
1 year, 10 months ago

Meta posts upbeat outlook, plans $40 billion buyback

Live Mint  

BY SALVADOR RODRIGUEZ | UPDATED 2月 01, 2023 06:12 晚上 EST Social-media giant plans to buy back additional $40 billion in shares, says its costs are set to decline and its global users increased Facebook parent Meta Platforms Inc. reported improving conditions in its underlying business and said it would buy back an added $40 billion in shares, a turnabout …

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles
1 year, 10 months ago

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles

Live Mint  

Is Facebook and Instagram owned Meta planning another round of layoffs? Its founder and CEO Mark Zuckerberg's recent comments on managers has raised eyebrows and apprehensions of phase 2 of pink slips coming soon. After laying off 11,000 employees from his company Zuckerberg still thinks many layers of management are a waste of resource and the managers who build big …

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely
1 year, 10 months ago

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely

India Today  

Right after Elon Musk fired thousands of Twitter employees, Meta CEO Mark Zuckerberg laid off 11,000 employees. "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg told managers during the meeting. In addition to Zuckerberg, Meta Chief product officer Chris Cox has also …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 10 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

Google to axe 12,000 workers; CEO Pichai says sorry
1 year, 11 months ago

Google to axe 12,000 workers; CEO Pichai says sorry

Deccan Chronicle  

NEW YORK: Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. To match and fuel that growth, we hired for a different economic reality than the one we face today,” Pichai said in …

Meta staffer was laid off. Her six-year-old daughter said this...
2 years ago

Meta staffer was laid off. Her six-year-old daughter said this...

Hindustan Times  

Facebook parent company Meta has laid off 11,000 employees last month, impacting not only their lives but that of their families and causing pain, uncertainty and chaos for thousands. A report by Business Insider said she received an e-mail saying she too had been made part of cost-cutting measures at Mark Zuckerberg's company. She also said her daughter's response gave …

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine
54 years, 11 months ago

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine

Wired  

Remember Libra, Meta’s ambitious plan to enter the cryptocurrency market? Alongside projects like Shops, Meta’s ambitious plan to turn Instagram and Facebook into e-ommerce giants; its podcast plans; Facebook Portal and a Meta smartwatch to compete with the Apple Watch, they all failed. “Today’s news isn’t only a correction of the pandemic years,” says one former Meta employee with knowledge …

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now
2 years, 1 month ago

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now

News 18  

Facebook parent Meta is laying off 11,000 employees, or about 13% of its workforce, as it deals with declining revenue and broader tech industry woes, according to CEO Mark Zuckerberg in a letter to employees sent out Wednesday. Facebook Losing Young Users, Apple’s Privacy Policies In recent months, Meta has experienced uncertainty about the company’s future as its flagship platform …

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