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.

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.

“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.

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.