Meta confirms 13% layoff of its workforce – 11000 employees

  • November 10, 2022

Facebook, Instagram, and WhatsApp’s parent company Meta has confirmed a huge round of layoffs, amounting to 13% of its workforce.

The news comes as companies from across the technological spectrum have announced huge swathes of redundancies in recent months, with Twitter laying off some half of its 7,500 workforce in the wake of Elon Musk’s arrival at the helm, while Stripe last week revealed plans to cut its headcount by 14%. And just on Tuesday, Salesforce confirmed it had laid off “hundreds” of workers.

In his statement Zuckerberg said: “I want to take accountability for these decisions and for how we got here. To do that I need your help.”

In his message he also spoke about how Meta would be moving forward with a new company-wide focus on artificial intelligence (AI).