Facebook parent company Meta lays off 11,000 people | CBC News

Posted: Nov 09, 2022 7:20 AM ET | Last Updated: 1 hour ago Meta CEO Mark Zuckerberg has made a big bet on the so-called metaverse, one that has cost his company billions so far — without reward.

Not to have to pay 11,000 means more money going into top execs pockets

Whatever are you going to do now that Facebook and Twitter will not be censoring conservatives? You guys are so screwed

So will the government be halting running ads on Facebook like they did on twitter? Or was that purely based on the platform's owner's perceived political views?

Facebook is archaic and it has hit its peak of success years ago. It's going to die out like Myspace did. Unless VR becomes cheaper - It's okay to take the money and move on to a new social media project.

Not surprised. With Elon admitting the amount of money Twitter loses each month it is not surprising other 'social media' companies are in the same boat.

Remember when Twitter did the same thing last week and everyone lost their mind....

Who cares

Bring down the wall!!!

Great news I hope Facebook goes down the toilet where it belongs

Just weeks after our economical experts announced that we had job surplus!

gmacofglebe The rise of TikTok. That is really the source of Meta's decline right now.

Thats a good start, hopefully the CBC follows suit.

you did bash Musk when he did he's.

Good !! I actually hope zuck loses 95% of his personal wealth

Nothing good ever came out of Facebook

Sweet I can literally become the Real Bombay Rayne ... Pakistani meg plz aka Thesis aka the thesis of my madness

Good

But when twitter did it, you bashed Musk for firing people

Big Tech is in freefall. 90s dot-com bubble vibes.

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Facebook parent company Meta laying off 11,000 employeesFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. Stopped taking Russian payouts and their staff are the first to feel the impact. Wonder how many people are going to try and blame elonmusk for this?
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Facebook parent company Meta laying off about 13% of employeesIn a letter to employees, Meta CEO Mark Zuckerberg said the Facebook parent is laying off 11,000 people, about 13% of its workforce An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source — have contributed to Meta’s woes. This summer, Meta posted its first quarterly revenue decline in history, followed by another, bigger decline in the fall. Seems pretty racist
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