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Meta (formerly Facebook) has rubbished reports that said its founder and CEO, Mark Zuckerberg, is resigning next year amid slow growth and massive layoffs at the company. It was the Leak portal that first said "Zuckerberg is set to resign next year," citing a source privy to plans at Meta.
According to media reports, Facebook’s parent company Meta will fire around 12000 employees across teams. Couple of months ago, Mark Zuckerberg said that the social media platform is freezing hiring across the board.
Meta plans to reduce staff in specific departments following its first-ever report of declining revenue and its hedged bets on virtual reality.