Home » US Employment News » Mark Zuckerberg refuses to rule out further job cuts at Meta

Mark Zuckerberg refuses to rule out further job cuts at Meta

By Nagasunder in US Employment News, posted November 14, 2022

Meta CEO Mark Zuckerberg says he can't rule out more layoffs after the Facebook owner shed 11,000 jobs.

The Facebook founder delivered the message a company-wide employee town hall on Friday, November 11.

The discussion was with Zuckerberg and several other top executives aftermath of historic layoffs earlier in the week.

During the meeting, an employee inquired whether the remaining employees should expect further layoffs.

According to a source, Zuckerberg responded by saying that while the company has no plans for additional layoffs in the coming weeks, he cannot "promise anything."

The layoffs announced this week are the largest in Facebook's history, which renamed itself, Meta, last year.

Former and current Meta employees were left stunned, confused, and increasingly enraged by the 11,000 layoffs.

Approximately 13 percent of the company's workforce was laid off, and Zuckerberg announced on Wednesday, November 9 that Meta would extend a hiring freeze until the first quarter of 2023.

During Friday's meeting, a Meta executive stated that 54 percent of layoffs had affected business roles at the company.

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"I want to take accountability for these decisions and for how we got here," Zuckerberg said in a blog post earlier this week. "I know this is tough for everyone, and I'm especially sorry for those impacted."

Meta did not respond to Insider's request for comment about Friday's town hall.

Source: Business Insider

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