Meta to cut 11,000 jobs as Zuckerberg commits to 'long-term' metaverse vision

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The move comes just weeks after a punishing earnings report which showed losses for the year topping $9.4 billion.

to employees, Zuckerberg also said the social media company will cut spending and extend its hiring freeze into the next year.

Meta has already removed access to systems for employees that have been let go but will keep email addresses active throughout the day"so everyone can say farewell."

 

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