The company’s founder and chief executive Mark Zuckerberg said that Meta would lay off 10,000 employees as part of a new round of job cuts. He stated that the company would also close about 5,000 open roles that have yet to be filled. “Organization leaders will announce restructuring plans focused on flattening our companies, canceling lower priority projects, and reducing our hiring rates,” Mr. Zuckerberg said in a statement.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Standing waves discovered at the edge of earth’s Magnetosphere

Earth is surrounded by a bubble of magnetosphere which gives protection against…

Israel confirms receiving names of three captives set for release in Gaza

Israel has received from mediators Egypt and Qatar the names of the…

US to give Egypt $1.3bn military aid amid Gaza talks role

The US State Department approved sending Egypt $1.3 billion in military financing…