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

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Facebook parent Meta is laying off 11,000 people, about 13 per cent of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

Meta CEO Mark Zuckerberg is shown with his avatar at a Facebook conference last fall. He has made a big bet on the so-called metaverse, one that has cost his company billions so far — without reward.

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The platform is on a heavy downward spiral just like the CBC. Twitter has the real news. Not the fake news

As boomers die, so will FB.

Zuckerberg: 'I got this wrong, and I take responsibility for that.' ...so I'll take responsibility by firing you.

Did he do it or did he send his creepy meta thing to announce the layoffs?

So will the canadian government pull their ads from that platform too now? bonus fewer fact checkers now too

Where is the woker outrage?

VR, AR, insane desire to beat TikTok and screwing algorithm to mess up interaction across platforms - and 11000 people will pay price of it. Well done, Mark! 👏

Could have saved 11,000 jobs if just one resigned.

The VR version of him looks less scary/creepy than.... well the real version of him.

But they added legs!

Or, and hear me out, Zuck could be just not make money he no longer needs anyway?

I thought only elonmusk was bad enough to lay off employees. Remarkable how the attention is vastly different between the two tech giants. Makes you wonder if the media has a hidden agenda...

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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?
Source: CP24 - 🏆 30. / 67 Read more »

Facebook parent company Meta lays off 11,000 people | CBC NewsFacebook parent Meta is laying off 11,000 people, about 13 per cent of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees on Wednesday. Big Tech is in freefall. 90s dot-com bubble vibes. But when twitter did it, you bashed Musk for firing people Good
Source: CBCNews - 🏆 2. / 99 Read more »