{"id":277852,"date":"2022-11-09T11:49:16","date_gmt":"2022-11-09T11:49:16","guid":{"rendered":"https:\/\/omni48.com\/?p=277852"},"modified":"2022-11-09T12:12:07","modified_gmt":"2022-11-09T12:12:07","slug":"facebook-parent-company-meta-to-cut-more-than-11-000-jobs-globally","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/facebook-parent-company-meta-to-cut-more-than-11-000-jobs-globally","title":{"rendered":"Facebook parent company Meta to cut more than 11,000 jobs globally"},"content":{"rendered":"<p>Financial NewsMeta, the parent company of Facebook, Instagram and WhatsApp, has confirmed it plans to cut more than 11,000 jobs globally as part of a major restructuring of the tech giant.The cuts will reduce the size of the company&#8217;s workforce by about 13%.Meta founder and chief executive Mark Zuckerberg said the cuts were &#8220;some of the most difficult changes we&#8217;ve made in Meta&#8217;s history&#8221;.He said the &#8220;macroeconomic downturn, increased competition, and ads signal loss&#8221; had caused a drop in Meta&#8217;s revenue that has led to substantial staff cuts.In a message to employees as he confirmed around 11,000 of Meta&#8217;s 87,000-person global workforce would be cut, he said: &#8220;I got this wrong and I take responsibility for that.&#8221;&#8220;We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1,&#8221; Mr Zuckerberg said in a statement.&#8220;I want to take accountability for these decisions and for how<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta, the parent company of Facebook, Instagram and WhatsApp, has confirmed it plans to cut more than 11,000 jobs globally as part of a major restructuring of the tech giant.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,130],"tags":[],"class_list":["post-277852","post","type-post","status-publish","format-standard","hentry","category-news","category-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/277852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=277852"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/277852\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=277852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=277852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=277852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}