Mark Zuckerberg warns about economy as Meta lays off 10,000 employees

United States News News

Mark Zuckerberg warns about economy as Meta lays off 10,000 employees
United States Latest News,United States Headlines
  • 📰 Newsweek
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 52%

The additional layoffs come after the company announced 11,000 layoffs in November.

, with more in the tech sector expected to come. Instead of temporary discomfort, Zuckerberg predicted that the sector will struggle with the economy for"many years."

The Federal Reserve has been increasing interest rates steadily for the past year to combat inflation, and although the interest rate hikes have slowed, Zuckerberg believes the current"difficult" economy will continue for the technology sector as it has for the foreseeable future.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Newsweek /  🏆 468. in US

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 to Lay Off 10,000 More Employees, Mark Zuckerberg SaysMeta to Lay Off 10,000 More Employees, Mark Zuckerberg SaysMeta, parent company of Facebook and Instagram, is pink-slipping another 10,000 employees, coming on the heels of laying off 11,000 last fall. Mark Zuckerberg, Meta’s co-founder and CEO, anno…
Read more »

Meta to Lay Off 10,000 More Staffers As Part of Mark Zuckerberg’s “Year of Efficiency”Meta to Lay Off 10,000 More Staffers As Part of Mark Zuckerberg’s “Year of Efficiency”The layoffs will hit the recruiting, tech and business teams at the Facebook and Instagram parent company.
Read more »

Meta announces 10,000 more layoffsMeta announces 10,000 more layoffsMeta CEO Mark Zuckerberg announced 10,000 additional layoffs on Tuesday, impacting tech, business, and recruiting employees.
Read more »

Mark Zuckerberg warns 'new economic reality' could continue for yearsMark Zuckerberg warns 'new economic reality' could continue for yearsHigher interest rates, geopolitical unrest and increased regulation could all continue to drive a tough climate for companies, Meta CEO says.
Read more »

Meta to layoff 10,000 employees, Zuckerberg saysMeta to layoff 10,000 employees, Zuckerberg saysMeta, the company that owns Facebook and Instagram, plans to lay off 10,000 workers and close 5,000 open roles after making cuts in the company’s workforce in November, CEO Mark Zuckerberg said.
Read more »

Meta to lay off 10,000 employees, Zuckerberg saysMeta to lay off 10,000 employees, Zuckerberg saysMeta, the company that owns Facebook and Instagram, plans to lay off 10,000 workers and close 5,000 open roles in the coming months after making cuts in the company’s workforce in November, CEO Mark Zuckerberg said.
Read more »



Render Time: 2025-02-22 04:04:01