Meta Layoffs Spark Accountability Questions for Zuckerberg and Top Leaders.

1 min read
Source: Business Insider
Meta Layoffs Spark Accountability Questions for Zuckerberg and Top Leaders.
Photo: Business Insider
TL;DR Summary

Meta has become the second-most active chopper of big tech firms after Twitter, with a 24% reduction in its workforce. The company has announced two rounds of layoffs, amounting to 21,000 job cuts, and is reportedly undergoing a third round. Other tech firms, including Amazon, have also gone through multiple rounds of layoffs. The job cuts were attributed to over-hiring during the pandemic, and revenue per employee dropped at many of the major tech firms now chopping jobs.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

2 min

vs 3 min read

Condensed

84%

48078 words

Want the full story? Read the original article

Read on Business Insider