Meta slashes workforce by 11,000 as it sinks more money into the metaverse

The broad job cuts, the first in Meta's 18-year history, follow thousands of layoffs at other major tech companies including Microsoft Corp and Elon Musk-owned Twitter.

Facebook CEO Mark Zuckerberg appears at a live-streamed virtual and augmented reality conference last month to announce the rebranding of Facebook as Meta.

(photo credit: FACEBOOK/REUTERS)

ByREUTERS

NOVEMBER 9, 2022 13:17

Updated: NOVEMBER 9, 2022 14:42

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Meta slashes workforce by 11,000 as it sinks more money into the metaverse

The broad job cuts, the first in Meta's 18-year history, follow thousands of layoffs at other major tech companies including Microsoft Corp and Elon Musk-owned Twitter.

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Meta slashes workforce by 11,000 as it sinks more money into the metaverse

The broad job cuts, the first in Meta's 18-year history, follow thousands of layoffs at other major tech companies including Microsoft Corp and Elon Musk-owned Twitter.

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