Meta CEO Mark Zuckerberg announced that the company would be laying off 11,000 employees, 13% of its workforce. The cuts are part of an effort to become leaner after the company reported declined in revenue for two straight quarters, encountered stagnating user growth and a sluggish pivot to “the metaverse,” and saw…
Source: Gizmodo – Mark Zuckerberg Thought Tech’s Pandemic Boom Would Last Forever. Now Meta Is Laying off 11,000 Workers.