Watch Mark Zuckerberg Lays Off 11,000 Meta Workers News Video

29 sec read

“Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg said in a letter to employees Wednesday.

““Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” Zuckerberg said in the letter. “I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.”

“Shares of Meta were up about 7.7% Wednesday morning.

“The layoffs come amid a tough time for Facebook parent company Meta, which provided lukewarm guidance in late October for its upcoming fourth-quarter earnings that spooked investors and caused its shares to sink nearly 20%.”

Read more at CNBC

Author

Watch US Government Unveils Plans for TrumpRX Website To…

“President Donald Trump on Tuesday announced a multipronged effort aimed at lowering drug costs in the United States, including the creation of a “TrumpRx”...
JM
22 sec read

Watch At Least 20 Killed After 6.9 Magnitude Earthquake…

“A strong and shallow 6.9 magnitude earthquake in central Philippines has killed at least 26 people and left over 140 injured, authorities said on...
JM
16 sec read

Watch Apology Rejected? J.K. Rowling Responds to Emma Watson…

“JK Rowling has sent a stinging response to Emma Watson after the Harry Potter actress recently spoke about their relationship and a public disagreement...
JM
13 sec read