Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce.
In total 11,000 employees are to be laid off from its worldwide headcount of 87,000 people.
In a statement, Meta chief executive Mark Zuckerberg said the cuts were “some of the most difficult changes we’ve made in Meta’s history”.
The news follows major layoffs at Twitter, which cut about half its staff, and other tech firms.
More soon…