Meta cuts 11,000 jobs as it sinks more money into the metaverse
3 minute readPublished: Wednesday, November 9, 2022 at 8:04 pm
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Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation.