Meta joins big tech layoffs, lets go of 11,000 employees

[Google News Bot]

The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his employees, Meta CEO Mark Zuckerberg announced the layoffs and also reiterated that the hiring freeze, which began earlier this year, will be extended into the first fiscal quarter of next year. According to the statement published through Meta’s newsroom, the layoffs terminated 11,000 jobs. The initial rumors of layoffs emerged over the weekend on Nov. 6 via Wall Street Journal report from inside sources. Zuckerb ...

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