Facebook is cutting 11,000 jobs. Twitter has cut about half its staff. Here’s a look at the layoffs that the world’s largest technology companies are planning.
Dan Kitwood/Getty Images
“This is a sad moment, and there’s no way around that,” Mark Zuckerberg wrote in a staff memo this week, adding that he had been wrong in assuming that an increase in online activity during the pandemic would continue. “I got this wrong and I take responsibility for that.”Around 1,200 of its 6,400 employees were dismissed, as the company deals with its lowest period of sales growth since going public.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta plans major job cuts at Facebook as tech companies implement layoffsFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it...
Read more »
Facebook parent Meta cuts 11,000 jobs, 13% of workforceFacebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes.
Read more »
Facebook parent Meta cuts 13% of workforceAn economic slowdown and a grim outlook for online advertising have contributed to Meta’s woes.
Read more »
Facebook parent Meta cuts 11,000 jobs, 13% of workforceFacebook 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.
Read more »
Facebook parent Meta cutting 11,000 jobs in social media giant’s first major layoffCEO Mark Zuckerberg says more cost-cutting measures are ahead.
Read more »
How tech giants' severance packages stack up: Meta, Twitter, Stripe, LyftInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »