Meta to Lay Off More Than 11,000 Employees in One of Biggest US Job Cuts in 2022

Meta to Lay Off More Than 11,000 Employees in One of Biggest US Job Cuts in 2022
Meta said on Wednesday it will let go of 13 percent of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. The firm said it would pay 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance package and all rema...

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