Meta CEO Mark Zuckerberg confirmed to executives that the company will begin laying off employees on Wednesday morning, the Wall Street Journal reported on Tuesday.
Zuckerberg addressed hundreds of executives at the company on Tuesday morning, foreshadowing large cuts. He mentioned recruiting and business teams as groups that would see layoffs, according to the WSJ, adding an internal announcement of the company’s layoff plans is expected around 6am eastern time on Wednesday.
Zuckerberg said he was accountable for the company’s downturn, people familiar with the meeting told the newspaper, with overoptimism about growth leading to overstaffing.
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