'I got this wrong, I apologize': Mark Zuckerberg says sorry as he tells workers in 6am email that he's slashing 11,000 jobs - around 13% of its workforce - in one of the biggest US layoffs this year after shares lost two thirds of their value

Meta will let go of 13 percent of its workforce in the cull which is more than 11,000 employees
It is one of biggest tech layoffs this year as Facebook parent battles soaring costs and a weak advertising market
CEO of Meta Mark Zuckerberg appeared 'gloomy' after discussing the cuts with executives in a meeting on Tuesday
The broad job cuts follow thousands of layoffs at other major tech companies - including Elon Musk's Twitter
Zuckerberg admitted that he 'got it wrong' in a 6am email to employee's where he detailed the cuts

By CHRIS MATTHEWS FOR MAILONLINE

PUBLISHED: 11:15, 9 November 2022 | UPDATED: 15:52, 9 November 2022

Mark Zuckerberg apologized to Meta workers after sending an early morning email confirming thousands of job losses amid soaring costs and a weak advertising market.

The Facebook founder told executives in a meeting yesterday that 11,000 jobs will be cut, with recruiting and business teams to face major losses.

Zuckerberg, 38, was said to have appeared gloomy on the call and also said he was accountable for missteps made by Meta.

Employees received the confirmation about the cuts in a company-wide email which was sent at 6am EST this morning - with staff able to keep their email addresses for an extra day to say 'farewell'.

The CEO admitted that he ‘got it wrong’ in the message and he ‘takes responsibility’ for the problems which caused him to make the cuts - which make up 13 percent of Meta’s workforce.

It is the first time in Meta’s 18-year history that they will be making major layoffs, which follow redundancies at other major tech companies including Twitter and Microsoft Corp.

Taking a page out of Twitter CEO Elon Musk’s book, Zuckerberg sent the early morning email to all employees letting them know the company had lost two thirds of its value.


Zuckerberg delivered the grim news about job cuts on a call with hundreds of Meta executives


The Facebook founder was reportedly downcast during the announcement and also accepted responsibility for some of the company's missteps, saying his optimism led to overstaffing


Meta's share price has tumbled 71.5 percent since the beginning of the year and the company has also lost billions through its 'Metaverse' project, which includes virtual worlds for users


As of the market opening on Wednesday the share price has risen 5 per cent today, with a bigger increase expected.

For More

Mark Zukerberg Says He's Firing More Than 11,000 Staff At Facebook And Instagram.

If 13 percent of it's workers is 11,000. Just imagine how many people work for him

But, it doesn't beat Amazon shaa. Amazon has more than 2.2 million workers.


Then the highest in the world is United States Of Defence Department, A whole country population works here