Mark Zuckerberg's company Meta Lays Off More Than 11,000 Employees, an estimated 13% of Meta's workforce.

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Since Mark Zuckerberg established Facebook in 2004, the Silicon Valley organization has consistently recruited more employees.

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Toward the end of September, it had amassed its biggest at any point number of workers, adding up to 87,314 individuals.

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However, on Wednesday, the organization — presently renamed Meta — started eliminating positions, and profoundly.

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Meta said it was laying off more than 11,000, or around 13% of its workforce, in what added up to the organization's most important job cuts.

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The cutbacks were made across divisions and locales, however, a few regions, such as recruiting and business groups, were impacted more than others.

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"I need to take responsibility for these choices and for how we arrived," Mr. Zuckerberg wrote in a letter to workers.

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Mark Zuckerberg said, "I realize this is extreme for everybody, and Please accept my apologies to those affected."

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The cuts almost triple what Twitter reported last week - address a dazzling inversion of fortune for a once high-flying organization.

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It spent extravagantly throughout the long term, amassing clients, and purchasing organizations like Instagram and WhatsApp.

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