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BREAKING: Meta Company, Formerly Facebook, Sacks Over 11,000 Employees Amid Zuckerberg's Declining Fortunes | Sahara Reporters

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Meta Platforms Inc, the parent entity of social media platform Facebook, has sacked over 11,000 employees and is set to extend the freeze it has imposed on new hiring. This is about 13 percent of the company’s workforce. 'I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted,' Meta chief executive officer Mark Zuckerberg said.

"I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted," Meta chief executive officer Mark Zuckerberg said.

SaharaReporters earlier reported that Zuckerberg’s fortunes dropped to $36billion making him move from third richest in the world to 29th at the moment. “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that,” he said.

“But these measures alone won’t bring our expenses in line with our revenue growth, so I’ve also made the hard decision to let people go,” Zuckerberg said.

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Too much a number

Chai... Make he sell some of his social media nah... Only him Facebook, Whatsapp, Instagram.... How he wan take manage all of them without having clashes. Sometimes greediness dey kill man

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Facebook, WhatsApp’s Parent Company, Meta Plans Large-Scale Sacking Of Workers | Sahara ReportersMeta, the parent company of Facebook, Instagram and WhatsApp is planning to lay off thousands of employees this week, to scale back its workforce. Wall Street Journal reports that the announcement can be expected as early as Wednesday. The company in October said to have forecast a weak holiday quarter and significantly higher costs next year, wiping $67 billion off Meta's stock market value, adding to the loss of more than half a trillion dollars this year.
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