Mark Zuckerberg Apologizes As Meta Announces 11000 Jobs Cut
Category: Tech News
Mark Zuckerberg
has apologized to Meta workers after sending an early morning email confirming
thousands of job losses amid soaring costs and a weak advertising market.
The Facebook founder told executives in a meeting yesterday that
broad cuts of 11,000 jobs will be announced, with recruiting and business
teams to face major losses.
Zuckerberg, 38, was said to have appeared gloomy on the call and also said he was
accountable for missteps made by Meta.
READ: Meta Sacks Over 11,000 Employees
Employees received the confirmation about the cuts in a company-wide
email which was sent at 6am EST this morning – with staff able to keep their
email addresses for an extra day to say ‘farewell’.
The CEO
admitted that he ‘got it wrong’ in the message and he ‘takes responsibility’
for the problems which caused him to make the cuts – which make up 13 percent
of Meta’s workforce.
It is the first time in Meta’s 18-year history
that they will be making major layoffs, which follow redundancies at other
major tech companies including Twitter and Microsoft Corp.
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