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Meta fires 13% staff globally: Twitteratis question whether 'recession is coming'

In a letter to Meta employees, Zuckerberg informed about the layoff and the following procedure that will be followed. The move has triggered a wave of response among Netizens who are questioning whether it’s a start of recession.

Meta fires 13% staff globally: Twitteratis question whether 'recession is coming'

New Delhi: Meta CEO Mark Zuckerberg announced on Wednesday to lay off 11,000 employees globally, which accounts around 13% staff across several divisions of the company. In a letter to Meta employees, Zuckerberg informed about the layoff and the following procedure that will be followed.

ALSO READ | 'I’m sorry...': Zuckerberg fires 11,000 Meta employees - Read full statement

“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team 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 leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.” Mark Zuckerberg said in a blog post.

ALSO READ | US-software company Salesforce lays off hundreds of employees: Report

The move has triggered a wave of response among Netizens who are doubting whether it’s a start of recession.

Here are some of the responses from Twitteratis:

That's how Twitter user responded.

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