Meta to lay off 11,000 staff
Published: 04:11 PM,Nov 09,2022 | EDITED : 08:11 PM,Nov 09,2022
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Facebook owner Meta will lay off more than 11,000 of its staff in “the most difficult changes we’ve made in Meta’s history,” boss Mark Zuckerberg said on Wednesday.
He said the cuts represented 13 per cent of the social media titan’s workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and WhatsApp.
The tech industry is in a serious slump and several major firms have announced mass lay-offs — Twitter’s new owner Elon Musk fired half its staff
last week.
He said the cuts represented 13 per cent of the social media titan’s workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and WhatsApp.
The tech industry is in a serious slump and several major firms have announced mass lay-offs — Twitter’s new owner Elon Musk fired half its staff
last week.