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The Latest Breaking News from Mark Zuckerberg

Thursday briefing: Mark Zuckerberg’s Meta cuts 11,000 jobs – is the Facebook founder’s empire falling?

In today’s newsletter: The social media titan is having its first major wave of layoffs since it began in 2004 – and it’s not the only tech company facing problems.

The Guardian - UK

Mark Zuckerberg’s Meta layoffs are the cost of his big metaverse gamble

The company founder said he takes responsibility for the decision to lay off 11,000 staff. That’s not much of a concession.

Crikey

Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media giant’s history.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Elon Musk could learn from Mark Zuckerberg when it comes to layoffs

The CEOs of Meta and Twitter took a different approach to firing thousands of employees in the last week.

Fortune

Is Zuckerberg's Obsession With The Metaverse Becoming A Problem For Investors?

Meta Platforms Inc (NASDAQ: META) shares jumped Wednesday after the company announced it is laying off more than 11,000 employees in an effort to c

Benzinga

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

Why Mark Zuckerberg had to announce 11,000 job cuts at Meta

Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders

The Guardian - UK

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Meta to cut 11,000 jobs; Zuckerberg says, ‘I got this wrong’

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Tribune News Service

Disney Stock: The Company Says Not to Worry About Disney+ Losses

Disney shares took a massive hit on Nov. 9 after the company shared how big its streaming losses are.

The Street

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Fortune

Meta Offers Generous Severance Package

Meta Platforms, the owner of Facebook, Instagram, and WhatsApp, cut 13% of its staff.

The Street

In An Emotional Letter, Zuckerberg Details Reason For Mass Meta Layoffs

Meta stock climbed as Chief Executive Mark Zuckerberg announced plans to slash about 11,000 jobs, or 13% of its workforce.

Investors Business Daily

Tech & Science Daily podcast: Zuckerberg fires 11,000 Meta employees

Plus, the crypto market is rocked

Evening Standard

'I'm Especially Sorry' Apologizes Mark Zuckerberg

The CEO of Meta Platforms offers a mea culpa after long months of stubbornly pursuing a strategy rejected by investors.

The Street

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Benzinga

Mark Zuckerberg Takes Blame As Meta Lays Off 13% Of Workforce, Elon Musk's Tesla Stock Sale May Not Sit Well With Investors, Netflix Eyes Sports Leagues: Top Stories Wednesday, Nov. 09

Benzinga

Investors Business Daily

Elon Musk Would Have This Much Cash If He Sold All His Tesla Stock

Elon Musk's $48 billion buyout of Twitter definitely shook up the S&P 500. But it's important to note it's a drop in the bucket.

Manchester Evening News

Facebook and Instagram owner Meta makes major staff cuts letting 11,000 workers go

Facebook founder Mark Zuckerberg told staff: “I got this wrong and I take responsibility for that.”

Tribune News Service

Zuckerberg says ‘sorry’ as Meta begins slashing over 11,000 jobs

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant’s history.

Get all your
news in one place.

100’s of premium titles.
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AFP

Facebook owner Meta to lay off 11,000 staff

New York (AFP) - Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's history," boss Mark Zuckerberg said on Wednesday.

Irish Mirror

Facebook layoffs: Hundreds of Irish jobs at risk as Meta confirms cuts worldwide

In a message earlier on Wednesday, Mark Zuckerberg informed the public that that the company will reduce the size of the global workforce by about 13%.

The Guardian - UK

Facebook owner Meta to sack 11,000 workers after revenue collapse

Mark Zuckerberg says firm overinvested at start of Covid, adding ‘I got this wrong’

Daily Mirror

Facebook, Instagram and WhatsApp slash more than 11,000 jobs in mass cull

Meta founder and chief executive Mark Zuckerberg said the cuts were "some of the most difficult changes" he has made in his company's history

The Street

Meta To Slash 11,000 Jobs In First Big Downsizing At Facebook Parent As Metaverse Losses Mount

"I want to take accountability for these decisions and for how we got here," said CEO Mark Zuckerberg.

WEKU

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdown

CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

The Independent UK

Facebook parent company Meta laying off 13% of employees

Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes

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People

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