In a letter to Meta employees, CEO Mark Zuckerberg stated that
“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. 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″
“I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.”
The company currently employs around 87,000 individuals in contrast meta had 35,587 in 2018, 44,942 in 2019, 58,604 in 2020, and 71,970 in 2021. The company maintained an increase of at least 20% in the workforce annually.
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