Meta (Facebook) Fires 11,000 People
Quote from Ndubuisi Ekekwe on November 9, 2022, 1:14 PMFacebook's parent company fires 11,000 workers: "Meta CEO Mark Zuckerberg has announced massive layoffs — affecting more than 11,000 workers, or 13% of its workforce — on Wednesday. Zuckerberg had previously announced the move to hundreds of executives in a meeting Tuesday, adding that he was accountable for the company’s missteps in optimistically overhiring. The cuts are likely to be some of the biggest this year in the tech sector, which has been shedding jobs for several months amid rising borrowing costs, faster inflation and slower economic growth. Meta has 87,000 employees; the layoffs will affect all teams."
The global economy is certainly sick for this to be happening at this level.
Facebook's parent company fires 11,000 workers: "Meta CEO Mark Zuckerberg has announced massive layoffs — affecting more than 11,000 workers, or 13% of its workforce — on Wednesday. Zuckerberg had previously announced the move to hundreds of executives in a meeting Tuesday, adding that he was accountable for the company’s missteps in optimistically overhiring. The cuts are likely to be some of the biggest this year in the tech sector, which has been shedding jobs for several months amid rising borrowing costs, faster inflation and slower economic growth. Meta has 87,000 employees; the layoffs will affect all teams."
The global economy is certainly sick for this to be happening at this level.