Meta has sacked more than 11,000 of its employees, representing 13 percent of it’s total workforce.
Mark Zuckerberg has announced the mass layoffs in a message to employees, which Meta shared on its Newsroom.
Facebook’s parent company Meta Platforms has sacked 11,000 employees, nearly 13% of its staff globally.
The company is also likely to extend the freeze it has imposed on new hiring.
“I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted,” Meta chief executive officer Mark Zuckerberg said.
Meta layoffs come a few days after Elon Musk-led Twitter sacked around 50 per cent of its employees globally in an effort to reduce costs