Facebook Parent Meta Announces 11,000 Employee Layoffs – Hill Daily Feed Mail

Meta Platforms Inc. said it will cut more than 11,000 workers, or 13% of staff, by embarking on the company’s first major restructuring as it faces the crash of the digital advertising market and the plunge in the share price.

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The layoffs add to a wave of job cuts rocking Silicon Valley, where tech giants who added tens of thousands of employees during the pandemic are now downsizing.

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