Meta fires 13% staff globally: Twitteratis question whether ‘recession is coming’ | Technology News

New Delhi: Mark Zuckerberg, CEO of Meta, announced on Wednesday that it is laying off 11,000 employees globally, which is about 13% of employees across many divisions of the company. In a letter to Meta employees, Zuckerberg informed about the layoffs and the next procedures that will be followed.

Read also | ‘I’m sorry…’: Zuckerberg fires 11,000 dead employees – read full statement

‚ÄúToday I am sharing some of the most difficult changes we have made in the history of Meta. I have decided to reduce our team size by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a more agile and effective company by cutting discretionary spending and extending the hiring freeze until First Quarter “. Mark Zuckerberg said in a blog post.

Read also | US software company Salesforce is laying off hundreds of employees: report

The move sparked a flurry of response among netizens who question whether or not this is the start of a recession.

Here are some responses from Twitteratis:

This is how the Twitter user responded.

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