Meta to cut 11,000 Jobs; Mark Zuckerberg says ‘I got this wrong’

Meta, formerly Facebook, corporate headquarters is seen in Menlo Park, California on Nov 9, 2022. Facebook owner Meta will lay off more than 11,000 of its staff in ‘the most difficult changes we’ve made in Meta’s history’, Zuckerberg said. — AFP

Meta Platforms Inc chief executive officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

The reductions, equal to about 13% of the workforce, were disclosed Nov 9 in a statement. Zuckerberg then addressed employees, asking them to thank those who lost their jobs, and noting that employees outside North America will face uncertainty while the company sorts out who is affected, according to people familiar with the matter.