Meta fires over 11,000 employees in one go, Zuckerberg says sorry
<img src="” title=”Meta fires over 11,000 employees in one go, Zuckerberg says sorry” />
Meta has announced perhaps its biggest layoff, firing more than 11,000 employees, representing about 13 percent of the company, globally. The company CEO Mark Zuckerberg said he should be held accountable for these job cuts as he misgauged the hiring Meta needed during the pandemic.
“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended,” said Zuckerberg in a blog post. He added, “I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected.”
The post Meta fires over 11,000 employees in one go, Zuckerberg says sorry appeared first on BGR India.
<img src="" title="Meta fires over 11,000 employees in one go, Zuckerberg says sorry" />
Meta has announced perhaps its biggest layoff, firing more than 11,000 employees, representing about 13 percent of the company, globally. The company CEO Mark Zuckerberg said he should be held accountable for these job cuts as he misgauged the hiring Meta needed during the pandemic.
“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended,” said Zuckerberg in a blog post. He added, “I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected.”
The post Meta fires over 11,000 employees in one go, Zuckerberg says sorry appeared first on BGR India.
<img src="” title=”Meta fires over 11,000 employees in one go, Zuckerberg says sorry” />
Meta has announced perhaps its biggest layoff, firing more than 11,000 employees, representing about 13 percent of the company, globally. The company CEO Mark Zuckerberg said he should be held accountable for these job cuts as he misgauged the hiring Meta needed during the pandemic.
“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended,” said Zuckerberg in a blog post. He added, “I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected.”
The post Meta fires over 11,000 employees in one go, Zuckerberg says sorry appeared first on BGR India.
