Meta, the parent company of social media platform Facebook, will cut more than 11,000 jobs, or about 13% of its workforce, CEO Mark Zuckerburg revealed on Wednesday. Zuckerburg said that the move was one of the “most difficult” in the company’s history, which will see Meta take other steps “to become a leaner and more efficient company.” This includes cutting the Silicon Valley giant’s discretionary spending and extending its hiring freeze through the first quarter of 2023, Zuckerburg said in a message to the employees. “I want to take accountability for these decisi ...
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