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Meta fires 11,000 employees after poor earnings.

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By lapaasindia
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  • In his latest meeting with senior executives, Zuckerberg reportedly confirmed “wide cuts” starting Wednesday.
  • Meta CEO Mark Zuckerberg announced 13% layoffs on Wednesday. It’s Meta’s (previously Facebook) first mass layoff in 18 years.
  • According to the article, laid-off workers would receive four months’ pay.
  • Facebook and Instagram’s parent business has 87,000 workers (as of September).

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