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Zuckerberg explains why Meta fired 11,000 staff, says 'I take responsibility'
short by Pragya Swastik / on Wednesday, 9 November, 2022
Meta CEO Mark Zuckerberg took responsibility for firing over 11,000 employees. He said he predicted the accelerated e-commerce growth would continue after Covid and Meta significantly increased its e-commerce investments. "Not only has e-commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be lower," he added.
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