Mark Zuckerberg Thought Tech's Pandemic Boom Would Last Forever. Now Meta Is Laying off 11,000 Workers.
by Jody Serrano from on (#65MP4)
Meta CEO Mark Zuckerberg announced that the company would be laying off 11,000 employees, 13% of its workforce. The cuts are part of an effort to become leaner after the company reported declined in revenue for two straight quarters, encountered stagnating user growth and a sluggish pivot to the metaverse," and saw...