![]() However, Meta CEO Mark Zuckerberg tried to assure them through the official statement – “To those who are staying, I know this is a difficult time for you too. This immediately drove other employees into panic mode, for obvious reasons. received emails, which informed that the parent company of popular social media platforms Facebook, WhatsApp and Instagram, has decided to downsize the organization by 13% and let them go. On November 9, 2022, more than 11,000 employees from Meta Inc. Though the mass exodus initiated by Twitter of late, was way higher in terms of percentage (50% compared to 13%), the number of people directly affected by the Meta layoffs, is almost thrice than that of the Twitter one. Tech layoffs are nothing new, but the recent one by Meta is certainly the worst of its kind in years. Let’s delve deeper to figure out what led to this development, its larger implications and what awaits us. It goes without saying that this Meta layoffs incident has sent shockwaves across the entire corporate world. The figure amounts to almost 13% of Meta Inc.’s total workforce, globally. In a significant development in the tech-world, Meta has announced the laying off of as many as 11, 000 employees.
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