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.