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IPFS News Link • Social Networking/Social Media

Mark Zuckerberg To Fire 11,000 Meta Employees

• Zero Hedge

Following a WSJ report earlier this week that explained Meta Platforms was about to slash thousands of jobs, CEO Mark Zuckerberg confirmed the layoffs in a letter to employees premarket Wednesday.  

"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 told employees in a letter published on the company's website. 

Zuck said, "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.

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The layoffs come as broad head-count reductions are seen across the tech industry. 


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