Meta platforms, the parent company of Facebook, announced on Wednesday that it has reduced 13% of its staff as it lays off more than 11,000 people from its workforce. The social media behemoth claimed the job losses affected both its Reality Labs and Family of Apps (FoA) segments. Family of Apps holds Facebook, Instagram, Messenger, WhatsApp, and other applications, while Reality Labs is home to its virtual and augmented reality activities. Predictions of Meta Additionally, Meta predicted that Reality Labs’ operating profits in 2023 will keep rising sharply annually. After discontinuing its stablecoin attempts, the network has been attempting to The post Meta Lays Off 13% of Its Workforce and About 11,000 Jobs appeared first on Cryptoknowmics-Crypto News and Media Platform .
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