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Facebook parent Meta lays off 11,000 people, citing lower than expected revenue

Por: The Advocate Business November 16, 2022

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Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and , CEO Mark Zuckerberg said in a letter to employees Wednesday.The job cuts come just a week after under its new owner, billionaire Elon Musk. There have been numerous job cuts at other tech companies that hired rapidly during the pandemic.Zuckerberg as well said that he had made the decision to hire aggressively, anticipating... + full article



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Facebook parent Meta lays off 11,000 people, citing lower than expected revenue

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