Meta confirms 11,000 layoffs, amounting to 13% of its workforce • TechCrunch

Facebook, Instagram, and WhatsApp’s parent company Meta has confirmed a huge round of layoffs, amounting to 11,000 employees or 13% of its workforce.

“I want to take accountability for these decisions and for how we got here,” CEO and cofounder Mark Zuckerberg wrote in a statement. “I know this is tough for everyone, and I’m especially sorry to those impacted.”

The news comes as companies across the technological spectrum have announced huge swathes of redundancies in recent weeks, with Twitter laying off some half of its 7,500 workforce in the wake of Elon Musk’s arrival at the helm, while Stripe revealed plans to cut its headcount by 14%, or 1,120 employees.

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