Facebook owner Meta to cut more than 11,000 jobs in one of biggest US layoffs this year
The Facebook parent is battling soaring costs and a weak advertising market
‘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,’ Mark Zuckerberg said
In one of the biggest tech layoffs of 2022, Facebook parent Meta Platforms Inc on Wednesday said that it will let go of 13% of its workforce, or more than 11,000 employees, as part of a plan to reduce costs at the social-media platform following disappointing earnings, soaring costs, and a weak advertising market.