Due to the global economic recession, rising interest rates, and other financial crises, many tech companies are cutting staff. At the same time, Meta will also cut a large number of employees at once. If that happens, Meta will become the tech company with the most layoffs.
According to CNN, Meta CEO Mark Zuckerberg wrote a blog for his employees last Wednesday. He said in the blog, 'Today I am telling you about the historical change of meta. I have decided to reduce the size of my team by about 13 percent. Farewell to more than 1100 talented employees.'
He further said, 'I know it is difficult for everyone. I would like to apologize to everyone affected by this decision.'
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