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Meta will start terminating employees on Wednesday morning.
The newspaper said, citing sources familiar with the situation: “Zuckerberg expressed his unhappiness during Tuesday’s conference, blaming himself for the company’s failings, and his overoptimism about growth led to overstaffing.”
The hiring and business teams were expressly mentioned as being subject to layoffs in his description of wide employment cuts. He also mentioned that an internal announcement of the company’s layoff intentions is scheduled for Wednesday at 6 a.m. ET.
The article stated that specific employees who have lost their employment will be informed in the morning.
Lori Goler, Meta’s head of human resources, said employees who lost their jobs would receive at least four months’ salary in retirement, she said, WSJ sources familiar with the matter said. quoted and reported. Meta reported over 87,000 employees at the end of September.