Meta Lay-off its Employees

Facebook parent company Meta is expected to layoff 13% of its employess by the end of 2022

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The layoffs by Meta expected to affect thousands of employees and an announcement is planned to come in 2nd week of November this year. Meta reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.

Meta CEO Mark Zuckerberg made a video appearance and addressed with the layoff employees on Wednesday. Following then company announced its laying-off 13% of its employees

Here is what Meta CEO Mark Zuckerberg said in his video appearance.

I know there must be just a range of different emotions.  I want to say up front that I take full responsibility for this decision.

I’m the founder and CEO, I’m responsible for the health of our company, for our direction, and for deciding how we execute that, including things like this, and this was ultimately my call.

And it was one of the hardest calls that I’ve had to make in the 18 years of running the company. And a lot of why it’s hard is, obviously, it has a big impact on your lives, but also for our mission. We’re losing people who… you’ve really put your heart and soul into this place.

Each of you is talented and passionate, and each of you has played a role in making Meta the success that it is. No matter what team you may have worked on, each of you played a role in contributing to the products that billions of people use to connect every day

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