Meta, the parent company of Facebook, Instagram and WhatsApp, is laying off more than 11,000 workers, reducing its workforce by 13%. CEO Mark Zuckerberg announced the mass firings early today, blaming declining ad revenue and profits. It’s the latest hit for tech workers after Twitter’s new billionaire owner Elon Musk last week fired nearly 4,000 employees.
Meta Lays Off 11,000 Workers in Company’s Largest-Ever Staff Cuts
HeadlineNov 09, 2022