Report: Meta will begin laying off employees on Wednesday morning

Meta employees who lose their jobs will be provided with at least four months of salary as severance. – Reuters

BENGALURU: Meta Platforms Inc will begin laying off employees on Wednesday morning, chief executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported.

Zuckerberg appeared downcast in Tuesday's meeting and said he was accountable for the company's missteps and his overoptimism about growth had led to overstaffing, the report added, citing people familiar with the matter.