Meta announces the layoffs of 11,000 employees

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Facebook owner Meta announced it will lay off more than 11,000 employees in what it considered “the most difficult change in its history,” said group president Mark Zuckerberg on Wednesday.

“I want to take responsibility for these decisions and how we got here,” Zuckerberg said in a letter to Meta employees, reported by AFP. According to Bloomberg, this layoff represents approximately 13 percent of the company’s workforce, which will extend the decision to freeze hiring during the first quarter. This is the first large-scale downsizing in the company’s history since it was founded 18 years ago.

Although Meta job cuts are lower in percentage than Twitter, the number of Meta employees who have lost their jobs may be the largest in a large tech company, according to a previous Wall Street Journal report. Twitter had decided to halve the number of its employees following the recent acquisition of the company by American billionaire Elon Musk. Twitter fired nearly 3,700 people this week to cut costs following the acquisition of Musk.

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