Summary

When Meta CEO Mark Zuckerberg told employees about his plan in late 2022 to lay off 11,000 employees, in cuts that would later expand to 21,000, he was contrite in admitting that he overhired during the Covid pandemic. "I got this wrong, and I take responsibility for that," Zuckerberg said in a message to staffers in November of that year as the company's stock was in free fall . In early 2023, Zuckerberg said the cuts were necessary as part of Meta's " year of efficiency ."

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