Mark Zuckerberg announced the dismissal of 11,000 employees of Meta*, this is 13% of the state. The head of the corporation took responsibility for this decision and described it as a “sad moment”. On the news of the cuts, the company’s shares rose.
Mark Zuckerberg’s letter addressed to Meta employees (the company’s activities are recognized as extremist in the Russian Federation) is posted on the corporation’s website. In it, Zuckerberg says “this is a sad time” and takes full responsibility for the event.
Meta will lay off 11,000 employees out of a total of 87,000. Thus, the corporation’s staff will be reduced by 13%. All laid off employees will receive cash compensation for 16 weeks of work, they and their families will receive health insurance for 6 months and other severance pay.
Given the news of the mass layoffs in Meta, the company’s shares rose on the Nasdaq. In the pre-trade period, quotes increased by 4.36%.
Author:
Kirill Bilyk
Source: RB
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