Meta confirms one of the biggest tech layoffs...
Mark Zuckerberg, CEO of Meta has confirmed the layoffs of thousands of employees. The company announced to lay off 13 percent of its employees globally, beating Elon Musk's Twitter. Zuckerberg said in a letter to employees on wednesday that more than 11,000 employees were affected by the META layoffs. Last week, twitter fired about 10 percent of its employees, which is more than 3500.
13% reduced staff
Meta CEO said that today I am sharing some of the most difficult changes made in the history of Meta. I have decided to reduce the size of my team by about 13 per cent and let go of more than 11,000 talented employees. We are taking steps such as cutting discretionary spending and increasing our hiring freeze through Q1.
Mark Zuckerberg took accountability
Zuckerberg takes responsibility for the biggest layoffs in the tech industry. He said that I want to take accountability for these decisions and for how we got here. Let us tell you that there was a discussion going on for a long time regarding layoffs from Facebook. There was also a lot of debate on how many people out of more than 87 thousand employees of the company at the global level, but one thing was certain that this figure could be more than Twitter.
