Meta Corp. confirmed layoffs of 11,000 employees

Facebook's parent company, Meta, announced today that it is laying off 11,000 employees.

Today, the organization's CEO, Mark Zuckerberg, shared a message with Meta employees confirming the massive layoffs.

"Today I'm sharing some of the most challenging changes we've made in Meta's history," the Facebook founder wrote. "I have decided to reduce our team size by about 13% and let go of more than 11,000 talented employees."

The layoffs are among the largest in the U.S. this year, if not the largest, and come after other massive layoffs at prominent companies, including Elon Musk's Twitter.

Although Ilon's situation is slightly different, it has more to do with Ilon's vision for Twitter's future.

As of this writing, the stock is trading at $96, down 28% in the last thirty days.

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