Meta announced huge job cuts and fired 11000 Employees 

The year 2022 is one of the worst years for facebook's parent company meta.

Meta is squeezed by the rise of its biggest Giant twitter and many other factors

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Meta has announced it will lay off 11,000 employees in one go

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Firing 11000 Employees means firing 13% of its total staff

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Mark said that he was over overoptimistic about the company’s future growth

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After the growth of TikTok the users of facebook suddenly dropped

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Mark used the word “leaner and more efficient” by cutting staff and expenses

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This is biggest layoff for the company since 2004

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Somehow Economy of the US also played a major role in the downfall of facebook

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