Facebook Parent Meta fires over 11,000 employees

94,598FansLike
57,036FollowersFollow

It is known that top tech giants like Twitter, Microsoft and Accenture have laid off thousands of employees due to many reasons lately.

Now, Facebook’s parent company Meta has joined the list to fire over 11,000 employees. To reduce costs following discouraging earnings and a drop in revenue, the company let go off 13% of its staff.

Meta CEO Mark Zuckerberg told employees Wednesday that firing the employees is some of the most difficult changes they’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,” he said in a blog post today.

“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,” Zuckerberg added.

Mark Zuckerberg also apologised to Meta employees, who got impacted by these decisions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Silver Screen

Birthday Special: How NC cemented his position

Naga Chaitanya Akkineni, the heartthrob of many Telugu girls, turned a year older on November 23rd (Wednesday). He is celebrating his 36th birthday today. Chaitanya...

Jr NTR’s turns fisheries expert

Jr NTR has amped up his brand endorsements game after the release of RRR. He is signing new brand endorsement deals at an increasingly...

‘HIT 2’ trailer promises an edge-of-seat crime thriller

The theatrical trailer of Adivi Sesh's much-awaited film 'HIT: The Second Case' has been unveiled by the makers today and it promises a spine-chilling...

Custody FL: Naga Chaitanya as a ferocious cop

On the occasion of Naga Chaitanya's birthday, the makers of his upcoming film #NC22 today unveiled the first look and title of this Telugu-Tamil...

How Vijay D really reacted to Liger disaster?

Vijay Deverakonda is in a rough patch now. His latest outing Liger is a box office disaster of epic proportions and it is the...

Politics

Nadendla Manohar reacts seriously to Jagan’s ‘Rowdy Sena’ comment

During his visit to Narasapur in the West Godavari district, Chief Minister Jagan Mohan Reddy addressed a public meeting on Monday, during which he...

Chandrababu: No one can save AP if TDP fails in 2024

Telugu Desam Party chief Chandrababu Naidu has been repeatedly claiming that it is of historic importance that TDP gets back to power in 2024....

Inaugural edition of Indian Racing League flagged off by KTR in Hyderabad

The inaugural edition of the Indian Racing League (IRL) is all set to take place in Hyderabad in February. The Indian Racing League, a...

Vijay Sai Reddy’s shocking tweets on CBN

YSRCP Rajya Sabha MP Vijay Sai Reddy has launched a vicious verbal attack on TDP Supremo N Chandrababu Naidu and his son Nara Lokesh...

NGT directs AP Govt to pay Rs 5 Cr compensation

The National Green Tribunal at Chennai directed the State of Andhra Pradesh to pay a compensation of Rs 5 Crores for the destruction of...

Most Read

Birthday Special: How NC cemented his position

Naga Chaitanya Akkineni, the heartthrob of many Telugu girls, turned a year older on November 23rd (Wednesday). He is celebrating his 36th birthday today. Chaitanya...

Jr NTR’s turns fisheries expert

Jr NTR has amped up his brand endorsements game after the release of RRR. He is signing new brand endorsement deals at an increasingly...

‘HIT 2’ trailer promises an edge-of-seat crime thriller

The theatrical trailer of Adivi Sesh's much-awaited film 'HIT: The Second Case' has been unveiled by the makers today and it promises a spine-chilling...

Custody FL: Naga Chaitanya as a ferocious cop

On the occasion of Naga Chaitanya's birthday, the makers of his upcoming film #NC22 today unveiled the first look and title of this Telugu-Tamil...

How Vijay D really reacted to Liger disaster?

Vijay Deverakonda is in a rough patch now. His latest outing Liger is a box office disaster of epic proportions and it is the...