Business News›News›ET TV›Facebook parent Meta fires 11K employees; Mark Zuckerberg says company needs to be more capital efficient
Facebook parent Meta fires 11K employees; Mark Zuckerberg says company needs to be more capital efficient
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
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