Meta CEO Mark Zuckerberg told hundreds of executives: Plans to lay off employees will begin tomorrow, according to The Wall Street Journal, citing people familiar with the matter.
Zuckerberg also blamed himself, telling executives he was responsible for the company’s mistakes. and overwork as reported
whena few days ago The Wall Street Journal says the tech giant intends to lay off thousands of employees. At the end of September, Meta, which owns some of the world’s most popular social media companies, including Facebook and Instagram, reported more than 87,000 employees today.
The CEO has been widely criticized for his decision to invest billions of dollars in metaverse so far this year, with Meta’s division of metaverse losing nearly $10 billion.
reduced number of employees It may be the largest round of layoffs in Meta’s nearly two-decade existence following the September hiatus, with Meta saying it wants to cut costs by 10 percent.
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