Mark Zuckerberg Sacks 11,000 Employees in Worst Tech Lay-off
IANS 09 November 2022
In one of the worst lay-offs ever in the tech industry, Meta founder and chief executive officer (CEO) Mark Zuckerberg on Wednesday sacked more than 11,000 employees—about 13% of the global workforce.
 
In a statement, Mr Zuckerberg said the company is also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending its hiring freeze through the first quarter (Q1).
 
"Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13 per cent and let more than 11,000 of our talented employees go," said Mr Zuckerberg.
 
"I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I'm especially sorry to those impacted," he added.
 
The Meta CEO said that everyone will get an email soon letting them know what this lay-off means for them.
 
"After that, every affected employee will have the opportunity to speak with someone to get their questions answered and join information sessions," he said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
barokhoka1956
3 months ago
Shocking and Hearbreaking. The time is getting ripe for the Armageddon.
Free Helpline
Legal Credit
Feedback