Mark Zuckerberg: I ​​take responsibility for layoffs … I was overly optimistic about growth

Meta CEO Mark Zuckerberg announced that the company will begin its employee layoff process tomorrow morning, Wednesday.

According to the Wall Street Journal, Zuckerberg met with company executives today, Tuesday, and appeared frustrated and indicated that he was responsible for the company’s mistakes and that his excessive optimism about growth led to an increase in the number of employees. .

The report also stated that Laurie Guler, Meta’s HR manager, confirmed that employees who lost their jobs at the company will receive at least four months’ salary as compensation.

Meta stock has fallen 73% since the beginning of 2022 and has fallen to its lowest level since the beginning of 2016.