Facebook-owner Meta to cut 11,000 staff
Mr Zuckerberg said the company would focus on high-priority growth areas, like artificial intelligence, advertising, and “our long-term vision for the metaverse”.
Meta will also cut costs elsewhere – including reducing its spending on buildings and offices, and increasing desk-sharing.
Affected Meta employees will receive an email soon, he said, and will have an opportunity to ask questions.
US employees will receive redundancy payments worth 16 weeks pay plus a week for every year worked. Additional benefits will also include continuing to provide family health insurance for six months.
Support outside the US will be similar, but there will be a separate redundancy process to take into account local employment laws.
