Mark Zuckerberg, the chief executive of Meta Platforms, reportedly informed hundreds of executives on Tuesday that the company will start terminating staff on Wednesday morning.
According to the story, which also cited people familiar with the situation, Zuckerberg appeared dejected during the meeting on Tuesday and claimed responsibility for the firm’s errors and that his overconfidence in the company’s expansion had resulted in overstaffing.
According to the article, he spoke of sweeping cuts and particularly listed the hiring and business teams as being among those facing layoffs. It further stated that an internal announcement of the company’s layoff plans is anticipated for Wednesday around 6 am Eastern time.
