Facebook going BANKRUPT? Mark Zuckerberg says Workers will be Forced to “Sit and Share Desks” to Cut Cost!
By Investment Watch Blog
- Some Meta employees will share desks as the company cuts costs amid layoffs, Mark Zuckerberg said.
- Zuckerberg said he viewed layoffs as a last resort and tried to cut costs in other areas beforehand.
- Meta announced it was laying off more than 11,000 employees, around 13% of its headcount.
Mark Zuckerberg on Wednesday said that some Meta employees will share desks as a cost-cutting measure while the company reduces its office space.
The Meta CEO announced the plans in a memo sent to employees regarding layoffs across the company. Meta, formerly known as Facebook, plans to cut more than 11,000 employees — around 13% of its workforce.
“I view layoffs as a last resort, so we decided to rein in other sources of cost before letting teammates go,” Zuckerberg wrote in the memo.