Among those affected by Wednesday’s layoffs were members of the company’s sustainability, well-being, user experience, news feed and messaging teams, according to public LinkedIn posts.told North American employees to work from home on Wednesday in anticipation of the layoffs.
that it was eliminating approximately 13 per cent of its workforce, or 11,000 jobs, in the single largest round of cuts in its history. following repeated revenue declines, heightened competition, concerns about user growth and big losses in its Reality Labs division amid its pivot to building the so-called metaverse.
Zuckerberg said last month that, in some cases, it may take through the end of this year to complete its staff restructuring processes.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »