Meta Platforms is set to sack an additional 10,000 jobs across its operations, Meta’s Chief Executive and Founder Mark Zuckerberg announced on Tuesday. Zuckerberg said in his statement the job cuts would be “tough” amid the company’s “year of efficiency” plans. Zuckerberg added that he believed the company had suffered a “humbling wake-up call” due to poor revenues in 2022. The firm reported a 4 percent year-on-year drop in earnings, despite profiting over $23 billion USD that year. Layoffs.fyi, a website for monitoring redundancies across the tech sector, reported over 128,000 job cuts in 2023 alone.

Source: Libya Today March 14, 2023 19:26 UTC