Mark Zuckerberg

Facebook perks part of Meta downfall

CEO Mark Zuckerberg indicated Wednesday Meta Platforms has reduced lavish employee perks amid broader cost-cutting measures across Facebook's parent company.

Meta to lay off over 11K employees

Meta CEO Mark Zuckerberg announced in a letter to employees on Tuesday morning that more than 11,000 employees would lose their jobs. The company has about 87,000 workers.

Meta implements a hiring freeze

CEO Mark Zuckerberg said Meta Platforms, the parent company of social media network Facebook, will be freezing hiring efforts, according to reports Thursday.