Meta is the latest tech company to make huge workforce cuts, as Mark Zuckerberg confirms that the company responsible for Instagram, WhatsApp, and Facebook will be slashing 11,000 jobs – around 13% of its workforce – in one of the biggest US layoffs this year. Facebook founder, Zuckerberg, informed executives in a meeting yesterday (Tuesday 8th November) that since Meta has lost two-thirds of its share value, it is unfortunately necessary to make this intense cut.