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CEO of Meta, Mark Zuckerberg in a blog announced that Meta, the parent company of Facebook will be firing around 11,000 employees. This comes right after he informed hundreds of business leaders on Tuesday that layoffs will take place on Wednesday morning.
In a statement, Zuckerberg said the company is also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending its hiring freeze through Q1.
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go,” Zuckerberg said in a blog post on Wednesday.
“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,” he added.
