Facebook to fire thousands of employees after Twitter? Meta plans large-scale layoffs

Facebook-parent company Meta is likely to become the latest Silicon Valley tech major to scale back its workforce after Twitter sacked nearly 4,000 of its employees worldwide. Facebook is planning a large-scale layoff, and retrenchment may begin as soon as November 9, according to a report by the Wall Street Journal. While announcing Meta's disappointing third quarter results, Facebook CEO Mark Zuckerberg said the firm's staff would not increase by the end of 2023 and might even decrease slightly. Watch this video to know more. #facebook #layoffs #twitter #sacking #meta #techmajor #retrenchment #markzuckerberg Watch 12 OTTs in 1 App with personalised recommendation. Explore OTTplay at https://ottplay.onelink.me/YE8d/25pl33ap Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.