Beleaguered Meta CEO Mark Zuckerberg told hundreds of executives that plans to lay off employees would begin tomorrow, according to The Wall Street Journal, which cited people familiar with the matter.
The Wall Street Journal previously reported Meta intended to let got of thousands of employees.Beleaguered Meta CEO Mark Zuckerberg told hundreds of executives that plans to lay off employees would begin tomorrow, according to TZuckerberg laid the blame at his own feet, telling executives he was responsible for the company's missteps and its overstaffing, the report said.The Wall Street Journal said the tech giant intended to let go of thousands of staff members.
The CEO has been widely criticized for his decision to invest billions of dollars in the metaverse. So far this year Meta’s metaverse divisionThe reduction in headcount, perhaps the largest round of layoffs in Meta’s nearly two-decade existence, follows a SeptemberMeta is far from alone in its struggles. Other firms focused on the metaverse includingthis month. Additionally, more traditional tech companies, like social media platforms Twitter and Snap, have announced layoffs amid slowed growth.
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