Mark Zuckerberg to lay off 11,000 Facebook and Instagram employees as Meta chaos continues
MARK Zuckerberg is firing more than 11,000 staff from his Meta tech firm.
The firm – which owns Facebook, Instagram and WhatsApp – will see 13 per cent of its workforce gone.
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Zuck, 38, described the huge move as “the most difficult changes we’ve made in Meta’s history”.
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“I know this is tough for everyone, and I’m especially sorry to those impacted,” he told staff on Wednesday.
Meta has been hit by soaring costs and a weaker advertising market, which it heavily relies on to make money.
The social network has also taken a massive gamble with Zuckerberg’s metaverse dream, ploughing millions into the project.
It’s the first set of broad job cuts in Meta’s 18-year history.
Other tech giants are going through a similar squeeze, including Twitter which recently let go of around 7,500 people – around half its workforce – as part of Elon Musk’s $44billion takeover.
More to follow…
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