However, the results were not that good. The company is running in losses for the last 2 years. Due to this, the CEO of Meta is going to resign from his post in early 2023 next year. Let me tell you, in the beginning of November, taking a big decision, Mark had announced to lay off about 11,000 employees from Meta. Apart from this, he also said that he is currently banning future recruitments. This retrenchment has come into effect from 9 November. Retrenched employees will only be given 16 weeks’ basic pay. The reason behind this tough decision of Mark is said to be related to the revenue of the company. The reason behind the sudden retrenchment of such a large number of employees was to balance the budget of the company which was facing frequent losses.
Tech News Desk – Meta had recently taken a major decision to lay off more than 11,000 of its employees. This decision was announced by Mark Zuckerberg himself through his blog post. At the same time, the news of the resignation of Mark Zuckerberg himself has been in the headlines for some time now. It is being said that Mark may resign from his CEO post in early 2023 next year. The company spokesperson has now reacted to the news of Mark’s resignation. A user on Twitter shared the news of the resignation of Meta CEO Mark Zuckerberg. It was informed in the news that Mark Zuckerberg is going to resign from his post next year. Meta spokesperson Andy Stone has responded to this tweet. He has rejected this news outright. According to him, this is completely wrong news. Recently some reports have surfaced online. It has been claimed in these reports that the pressure on Meta’s top executive has been increasing continuously for some time. Mark Zuckerberg has invested money in his multi-billion dollar project ‘Metaverse’.