The penalty was awarded. Facebook’s parent company Meta announced 11,000 job losses on Wednesday. “Today I’m sharing some of the drastic changes we’ve made to the Meta story“Meta” executive director and founder Mark Zuckerberg said in his message to the employees: I have decided to reduce the size of our team by approximately 13% and part with our talented 11,000 employees.“. The group also plans to freeze all hiring by at least a quarter, with a few rare exceptions, and reduce its real estate holdings. This is the first layoff in Facebook’s history and the largest layoff plan to date among new US tech companies.
Meta thus adds its name to the already long list of tech companies that have recently made layoffs: Snap, Stripe, Lyft… In total, more than 50,000 jobs have been cut in this space since the beginning of the year. This marks a…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.