- Mark Zuckerberg, CEO of Meta, admitted firing more than 11,000 workers.
- He stated that after Covid and Meta substantially increased its e-commerce investments, he believed the accelerated e-commerce growth will continue. “
- E-commerce has not only reverted to former tendencies, but the financial slump, increasing competition, and loss of advertisements signal all resulted in lower revenue,” he continued.
When asked why Meta dismissed 11,000 employees, Zuckerberg responded, “I take responsibility.”
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