The Washington PostThe Washington Post

Facebook parent begins mass layoffs as tech industry slashes jobs

By Naomi Nix

09 Nov 2022 · 4 min read

Editor's Note

Meta have just announced their highly anticipated layoffs. The Washington Post reports on the latest developments.

Facebook parent company Meta announced plans to cut over 11,000 jobs, or 13 percent of the company, as the social media giant seeks to cut back on expenses and transform its business model in a more competitive digital advertising market.

“We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1,” Meta CEO Mark Zuckerberg said in a Wednesday statement, adding that the layoffs were “some of the most difficult changes we’ve made in Meta’s history.”

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