Facebook parent company Meta cuts 11,000 jobs, 13% of workforce

Facebook parent Meta cuts 11,000 jobs, 13% of workforce

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, b

Facebook parent Meta cuts 11,000 jobs, 13% of workforce

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

Facebook hit by outage after parent company Meta sacks 13% of its workforce

Multiple users in various parts of the world reported a brief outage of social networking platform Facebook, just a day after Meta sacked over 11,000 employees.

Meta cuts 11,000 jobs as it sinks more money into the metaverse

(Reuters) – Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation.The mass layoffs, among the biggest this year and the first in Meta’s 18-year history, follow thousands of job cuts at other tech companies including Elon Musk-owned Twitter Inc, Microsoft Corp and Snap Inc.Like i…

Facebook parent Meta cuts 11,000 jobs, 13% of workforce - The Jewish Voice

(AP) Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been numerous job […]

Facebook, Instagram Parent Company Meta Cuts 11,000 Jobs - The Ohio Star

by Madeleine Hubbard Meta, the parent company of Facebook and Instagram, on Wednesday laid off 11,000 employees, or 13% of its workforce, amid lowered revenue.The company, which had more than 87,000 employees in September, grew dramatically at the start of the COVID-19 pandemic.However, CEO Mark Zuckerburg acknowledged that with the lockdowns over, the company’s revenue is down.“Not only has online commerce returned to prior trends, but the macr…