Mark Zuckerberg announces Wednesday layoffs at Meta. Report
- According to CEO Mark Zuckerberg, Meta will start firing staff members on Wednesday morning, according to The Wall Street Journal.
- On Tuesday, Zuckerberg reportedly gave a speech to hundreds of employees in which he admitted responsibility for the company’s mistakes and claimed that his excessive optimism for development had resulted in overstaffing.
- The layoffs, which are anticipated to effect thousands of people, could be the biggest in the company’s 18-year existence.