Meta: Zuckerberg Takes Blame As 11,000 Workers Lose Jobs

Facebook parent company, Meta, has begun laying off more than 11,000 staff members after CEO, Mark Zuckerberg, announced plans to relieve over 13% of staff of their jobs from today (Wednesday).

The CEO revealed this in a statement released on Wednesday, where he took full responsibility, saying that he overestimated the company’s potential growth during the Covid-19 period which led to more hiring of staff.