META lays off OVER 11,000 employees



Published
Meta announced that it will lay off 11,000 employees, (13% of the company’s total staff).

“At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth,” said Zuckerberg. “Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected.”

How do you feel about Mark making this decision?
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Management
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