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“I take accountability for these decisions,” CEO Mark Zuckerberg told workers in a letter.
Meta’s massive job cuts are the first large-scale workforce reduction in the company’s 18-year history.
Meta will lay off more than 11,000 employees, about 13 percent of its workforce, CEO Mark Zuckerberg said Wednesday. It follows weekend reports that the Facebook parent company was preparing for mass layoffs.
The social networking giant currently employs about 87,000 people.
This article will be updated shortly.