Shares of Facebook parent Meta rose in premarket trading after founder Mark Zuckerberg said the social-media company would cut more than 11,000 jobs
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Mark Zuckerberg announces Meta will layoff 11,000 employeesBREAKING: Mark Zuckerberg announces that Meta will be laying off 11,000 of its employees — an estimated 13% of its workforce — and will also be taking “a number of additional steps to become a leaner and more efficient company.”
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Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says 'I take responsibility'Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company's beaten-down stock
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Facebook parent company Meta laying off 11,000 employees, 13% of workforce, Zuckerberg announcesFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
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Meta to cut 11,000 jobs as Zuckerberg commits to 'long-term' metaverse visionThe move comes just weeks after a punishing earnings report which showed losses for the year topping $9.4 billion.
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WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass LayoffsBreaking: Mark Zuckerberg said Meta layoffs will start Wednesday, telling executives he was overoptimistic about growth, people familiar with the matter say
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