Facebook parent company Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta to lay off over 11,000 employees: CEO Mark Zuckerberg
Meta layoffs will impact about 13% or over 11,000 of the company's employees, CEO Mark Zuckerberg said. Meta said it would pay 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance package and all remaining paid time off.
Facebook Parent Meta Is Firing More Than 11,000 Employees
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.
Facebook parent company Meta laying off 11,000 employees
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.
Meta cuts 11,000 jobs as it sinks more money into the metaverse
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.
- 53% of the sources are Center
To view factuality data please Upgrade to Premium
To view ownership data please Upgrade to Vantage