By Taiwo Ajala
There is a tsunami currently going on at Meta , the parent company of Facebook, as the company’s chief executive, Mark Zukerberg announced the laying off of more than 11,000 of its employees, representing about 13 percent of the total workforce.
Zukerberg, known globally as the founder of the social media giant Facebook made the announcement in a statement circulated at Meta’s newsroom.
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go,” Zuckerberg said.
“We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.
“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.”