Meta Laying Off More Than 11,000 Employees 

Mark Zuckerberg, CEO of Meta, announced in a letter to staff on Wednesday 

the company would be laying off 13% of its workforce, or more than 11,000.

Today I'm sharing some of the most difficult changes we've made in Meta's history

On Wednesday morning, Meta stock was up about 7.7 percent.

Facebook parent company Meta provided lukewarm guidance for its upcoming fourth-quarter earnings

scaring off investors and causing its shares to drop nearly 20%. 

More Stories