Meta Plans To Lay Off 11,000 Employees, Zuckerberg Pens Note To Staff: Report

BYErika Marie4.3K Views
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Facebook CEO Mark Zuckerberg And News Corp CEO Robert Thomson Debut Facebook News
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Mark Zuckerberg penned a letter to staffers letting them know that 13% of the workforce would be laid off.

Things are shaking up over at Meta and not for the better. The social media giant has introduced major changes as Facebook not only changed its name but has been making expansions in Web3. Mark Zuckerberg has faced criticism about Facebook, its privacy, and its features, but today's news stunned a global audience.

According to CNBC, this morning (November 9), Zuckerberg sent out a letter to Meta staffers with unfortunate news. The company plans to lay off 11,000 of its 87,000 employees. “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” he reportedly stated.

(Photo by Justin Sullivan/Getty Images)

“I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. 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.”

It was noted by CNBC that Meta has faced "rising costs and expenses," while "sales declined 4%."

“I want to take accountability for these decisions and for how we got here," Zuckerberg said elsewhere in his note. "I know this is tough for everyone, and I’m especially sorry to those impacted.” He added, “This is a sad moment, and there’s no way around that. To those who are leaving, I want to thank you again for everything you’ve put into this place."

(Photo by Chip Somodevilla/Getty Images)

The news swept through social media as the public questioned what would be next for the conglomerate. Laid-off staffers will reportedly keep "health insurance for the next six months," as well as "receive 16 weeks of pay plus two additional weeks for every year of service."

As criticism has sparked online, some Meta employees have come forward to defend the company. They claimed that Meta was doing right by those affected and believed the change is necessary for overall growth.

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About The Author
Erika Marie is a seasoned journalist, editor, and ghostwriter who works predominantly in the fields of music, spirituality, mental health advocacy, and social activism. The Los Angeles editor, storyteller, and activist has been involved in the behind-the-scenes workings of the entertainment industry for nearly two decades. E.M. attempts to write stories that are compelling while remaining informative and respectful. She's an advocate of lyrical witticism & the power of the pen. Favorites: Motown, New Jack Swing, '90s R&B, Hip Hop, Indie Rock, & Punk; Funk, Soul, Harlem Renaissance Jazz greats, and artists who innovate, not simply replicate.
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