Facebook-owner Meta to cut 11,000 jobs – BBC News

Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce. The first mass lay-offs in the firm's history will result in 11,000 employees, out of a worldwide headcount of 87,000, losing their jobs. Meta's chief executive, Mark Zuckerberg, said the cuts were "the most difficult changes we've made in Meta's history." Zuckerberg blamed massive long-term expectations for growth based on the firm's rise in revenue during the pandemic. The news follows major lay-offs at Twitter, which cut about half its staff, and other tech firms. Please subscribe HERE http://bit.ly/1rbfUog #Meta #Facebook#BBCNews