
Facebook-owner Meta sacks 11,000 - 13 percent of entire workforce
11,000 employees set to lose jobs
11,000 employees set to lose jobs
As part of drastic cost cutting effort
Up to 20 percent of staff could be cut as part of the major shake-up
The jobs have been cut in the Bay Area
Previous CEO said the Sprint merger would create more jobs
Amid $34 billion Red Hat acquisition
The exact figure of how many employees have lost their jobs globally has not been released
The company is planning to shed 10 percent of its salesforce
Axes three percent of the workforce
Desktops are out and cloud, IoT and gate arrays are the future, CEO Krzanich says