Mark Zuckerberg admits personal mistakes have contributed to Meta’s struggles as he apologises for the need to cut so many workers under wider plans to cut costs and refocus the business.
Meta, the owner of Facebook and Instagram, has become the latest big tech player to wield the axe in the tougher global economy, laying off 13% of its workforce.
The firm announced on Wednesday it will cut its global headcount by more than 11,000 employees as part of a wider shake-up of the business that aims to drastically cut costs.
Meta staff were being told what was happening to them individually via email.
They could notice all is not well in advance because the company said those losing their jobs would be excluded from most of its systems today due to concerns about access to sensitive information.
Those affected in the US would get at least six weeks salary as compensation, plus a further two weeks’ wages for every year served.
The arrangements would be similar elsewhere, the company said, though it was unclear whether any UK jobs were affected.
Meta has its European HQ in Ireland. Sky News understands that some permanent staff will lose out though the numbers involved are not clear as a consultation process has to begin under the country’s laws.
