Facebook’s parent company Meta is laying off 11,000 of its employees in what is one of the largest workforce cuts this year in the United States. A weak advertising market and soaring costs have been attributed to the 13% cut in the company’s workforce. But, Meta is just one of the major tech companies to conduct such cuts, joining Elon Musk’s Twitter and Microsoft Corp. According to The Straits Times, the scalebacks are the first in the company’s 18-year history. Since its founding in 2004, the current digital advertising market has slowed, along with the US economy teetering on the […]
The story Meta to let go 11,000 employees as Zuckerberg admits he got company projections wrong as seen on Thaiger News.