Published 1 year ago

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

Summary by Ground News

Meta, which owns Facebook, Instagram and WhatsApp, will cut 13% of its workforce. 11,000 employees are to be laid off from its worldwide headcount of 87,000 people. Chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes we've made in Meta's history"

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Times of India

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.

1 year ago·India

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BBC News

Facebook-owner Meta to cut 11,000 staff

Chief executive Mark Zuckerberg said it was one of the most difficult changes in Meta's history.

1 year ago·United Kingdom

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News18 India

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.

1 year ago·India

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The Hindu

Facebook owner Meta lays off 13% of its employees, announces hiring freeze for Q1

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

1 year ago·India

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CTV News

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.

1 year ago·Canada

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Reuters

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.

1 year ago·United Kingdom

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