3,000 staff employed by Facebook in Ireland, are expected to find out this morning if their jobs will be cut.
Facebook's parent company, Meta, has announced a 13% reduction in its global workforce. The social media company is set to lay off around 11,000 of its 85,000 staff.
It was reported in September, that Meta the parent company of Facebook, was planning to cut expenses by at least 10%, in part through staff reductions.
Meta staff have let 11,000 of its global employees go, thus reducing staff by 13%. The company says it’s partly down to a loss in advertising revenue and Zuckerberg’s belief that the surge of e-commerce during the pandemic would continue. pic.twitter.com/Kc4AauCX9y
— Mairéad Cleary (@maireadcleary7) November 9, 2022
It's reported Facebook's founder, Mark Zuckerberg, has taken full responsibility for the difficult position the company finds itself in.
It comes as Twitter cut its staff numbers by half last week, and online payments company Stripe announced it's cutting its headcount by 14%.