Meta confirms 11,000 layoffs, amounting to 13% of its workforce • ZebethMedia

Facebook, Instagram, and WhatsApp’s parent company Meta has confirmed a huge round of layoffs, amounting to 11,000 employees or 13% of its workforce.
“I want to take accountability for these decisions and for how we got here,” CEO and cofounder Mark Zuckerberg wrote in a statement. “I know this is tough for everyone, and I’m especially sorry to those impacted.”
The news comes as companies across the technological spectrum have announced huge swathes of redundancies in recent weeks, with Twitter laying off some half of its 7,500 workforce in the wake of Elon Musk’s arrival at the helm, while Stripe revealed plans to cut its headcount by 14%, or 1,120 employees.
This is a breaking story, refresh for updates

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to Zebeth Media Solutions

You may contact us by filling in this form any time you need professional support or have any questions. You can also fill in the form to leave your comments or feedback.

We respect your privacy.