TIL Desk/Business/New Delhi/ Facebook parent Meta announced on Wednesday to slash around 11,000 jobs as a part of mass layoffs to cut expenses and transform its business model.
As the tech industry is slashing jobs, Meta too announced layoffs. “We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1,” said Meta CEO Mark Zuckerberg in a statement on Wednesday.
Zuckerberg termed the layoffs as some of the most difficult changes the company has made in Meta’s history and added that everyone in the company will soon get an email “letting you know what this layoff means for you.”
