“Meta, the parent company of Facebook, announced Tuesday that it would lay off more than 11,000 employees.

‘I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go,’ CEO Mark Zuckerberg said in a letter to staff. ‘We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.'”