Facebook owner Meta is laying off 11,000 employees

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The reports were true.

Facebook‘s holding company Meta laid off 11,000 workers, or about 13 percent of its workforce. The company also plans to cut discretionary spending, and it will extend its hiring freeze over the course of the next quarter.

The company’s CEO, Mark Zuckerberg, shared the news in a blog entry On Wednesday, he said the decision was one of the “toughest” in Meta’s history.

“I want to take responsibility for those decisions and how we got here. I know this is difficult for everyone…



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