--- title: "One of the largest US job cuts in 2022 will see Meta lay off more than 11,000 workers." description: "The first significant round of layoffs in the history of Meta Platforms, according to CEO Mark Zuckerberg, would cause elimination of more than 11,000" author: "Muskan Singh" published: 2022-11-11 canonical: https://www.mindstick.com/news/2325/one-of-the-largest-us-job-cuts-in-2022-will-see-meta-lay-off-more-than-11-000-workers category: "facebook" tags: ["facebook api", "facebook", "technology", "technology news", "metaverse"] reading_time: 2 minutes --- # One of the largest US job cuts in 2022 will see Meta lay off more than 11,000 workers. ``` A week after Twitter, Meta announced company-wide employment cutbacks. These are the company's first significant layoffs in its 18-year historyThe hiring moratorium will continue through the first quarter. ``` In response to disappointing earnings, [rising costs](https://answers.mindstick.com/qa/114189/how-can-policy-changes-address-the-rising-costs-of-prescription-drugs-and-medical-treatments), and a weak ad market, **Facebook's parent company Meta Platforms Inc.** announced on Wednesday that it will eliminate 13% of its workforce, or more than 11,000 employees. This is part of a plan to reduce costs at the social [media platform](https://www.mindstick.com/forum/156104/what-are-the-social-media-platform-used-for-seo). [One of the biggest](https://answers.mindstick.com/qa/51358/what-was-one-of-the-biggest-issued-debated-in-the-1970s) [tech](https://www.mindstick.com/services/technologies) layoffs in 2022 is this one. CEO [Mark Zuckerberg](https://yourviews.mindstick.com/view/85512/elon-musk-mark-zuckerberg-two-business-tycoon-of-similar-age) made the following statement: 'I'm sorry to anyone who has been harmed; I realise this is tough for everyone. The decreases, which are part of the first significant budget cut since [**Facebook**](https://www.mindstick.com/news/2244/issue-preventing-users-from-accessing-facebook-s-social-networking-platforms-has-been-resolved) was founded in 2004, are brought on by a sharp decline in [digital advertising](https://answers.mindstick.com/qa/105589/how-to-implement-geotargeting-in-digital-advertising) revenue. On Tuesday, Zuckerberg addressed the executives to help them get ready for the layoffs. Starting this morning, affected workers will be informed. The Wall Street Journal reported that **during the executive call, Zuckerberg took ownership of the company's 'mistakes' and apologized.** The layoffs at Meta, which are the first in the 18-year history of the company, come on the heels of **Twitter's** last week, when that company lost almost **50% of its workers** after Elon Musk took over Twitter. During those layoffs, several employees discovered they were no [longer working](https://answers.mindstick.com/qa/109984/how-to-restore-discord-mic-no-longer-working-difficulty) when their access to Slack or email was unexpectedly taken off. Musk claimed that the actions were required to halt the [social network](https://www.mindstick.com/articles/12698/how-to-use-social-networks-to-sell-more-at-christmas)'s losses. He afterwards extended an invitation to a few sacked employees to return. **Snap Inc., the parent firm of the rival app Snapchat**, said in August that it would be laying off 20% of its workforce. Many areas of the company will be affected by the job layoffs, but [**Zuckerberg**](https://www.mindstick.com/news/2240/in-a-u-s-lawsuit-challenging-facebook-s-virtual-reality-agreement-mark-zuckerberg-will-testify) noted in the essay that Meta's recruiting team will be particularly severely hit because 'we're expecting to employ fewer people next year.' With limited exceptions, he continued, a **hiring freeze would be maintained until the first quarter.** --- Original Source: https://www.mindstick.com/news/2325/one-of-the-largest-us-job-cuts-in-2022-will-see-meta-lay-off-more-than-11-000-workers Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.