Today, Meta's CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, which is more than 11,000 employees.
Today, Meta’s CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, more than 11,000 employees, to “become a leaner and more efficient company by cutting discretionary spending and extending hiring freeze through Q1.” This announcement comes amid slow revenue this year due to increased competition and ads signal loss.
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