https://arstechnica.com/tech-policy/2022/11/meta-lays-off-11000-workers-zuckerberg-says-his-investments-didnt-pay-off/

Meta is laying off 11,000 employees, about 13 percent of its workforce, CEO Mark Zuckerberg wrote in a message to staff today. Zuckerberg said his previous decision to increase spending didn't pay off as he thought it would and that Meta's "revenue outlook is lower than we expected at the beginning of this year."

Meta had 87,314 employees as of September 30, 2022, an increase of 28 percent over the previous 12 months.