Facebook parent Meta cuts 11,000 jobs, 13% of workforce

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“They are making a big bet on something that may not happen for another five to 10 years,” Gownder said. “What they need to be doing is trying to solve some of their fundamental business problems. This is only a stopgap.” “We’re keeping email addresses active throughout the day so everyone can say farewell,” Zuckerberg said.

“Meta has drifted into the land of excess — too many people, too many ideas, too little urgency,” Gerstner wrote. “This lack of focus and fitness is obscured when growth is easy but deadly when growth slows and technology changes.”

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