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coinpedia
2022-11-09 12:46:54

Facebook’s Meta Fires More Than 11,000 Employees amidst Loss In Revenue

Facebook’s Meta Fires More Than 11,000 Employees amidst Loss In Revenue

The post Facebook’s Meta Fires More Than 11,000 Employees amidst Loss In Revenue appeared first on Coinpedia Fintech News Facebook’s parent company, Meta has announced to layoff more than 11,000 employees in order. The reason stated is to curb the losses after the firm experienced plunging revenue. This layoff accounts to reducing the team by 13% as per Meta’s Chief Executive Mark Zuckerberg. As a result employees would be receiving 16 weeks of base …

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