Ashen-faced Mark Zuckerberg tells executives in leaked video conference he would lay off 11,000

Ashen-faced Mark Zuckerberg tells executives in leaked video conference he would lay off 11,000

A feelingless Mark Zuckerberg offered meager words of encouragement to the 11,000 employees he let go on Wednesday, according to a video call that was leaked hours after the mass firings.

Ashen-faced Mark Zuckerberg tells executives in leaked video conference he would lay off 11,000
The section of the call, which was provided by one of the employees affected by the layoffs, depicts a pale-faced Mark Zuckerberg addressing colleagues on or around Wednesday, hours after Meta executives announced the layoffs.

In the brief film, the 38-year-old founder of Facebook attempts to explain what he finally said was ‘my decision’ regarding the firings – the first significant round in the company’s 18-year history.

In a memo disseminated hours earlier, Zuckerberg indicated that he would be slashing every aspect of the huge corporation, which has just seen a 70 percent decline in market value.The layoffs affect 11,000 employees — or about 13 percent of Meta's workforce

Zuckerberg addressed staff digitally on Wednesday at 1 p.m. ET to provide a terse continuation of apologies expressed in that icy message – with the tech tycoon’s signature icy manner permeating the brief session.

Facebook, Instagram, and WhatsApp are owned by Meta, whose worth has decreased to $268 billion from over $1 trillion last year. In addition to layoffs, the corporation intends to substantially reduce hiring in the following year in an effort to further reduce expenses.

The Facebook founder was reportedly downcast during the announcement and also accepted responsibility for some of the company's missteps, saying his optimism led to overstaffing

A feelingless Mark Zuckerberg offered meager words of encouragement to the 11,000 employees he let go on Wednesday, according to a video call that was leaked hours after the mass firings.In his email to employees on Wednesday, Zuckerberg a onetime coder who in the past has been criticized for his cold, calculated approach to management - took the blame for the failures at Meta

“I understand there must be a variety of emotions. In the audio obtained by NBC News, Zuckerberg, who established Facebook as an undergraduate at Harvard in 2024, states, “I take full responsibility for my judgment.”

“As the company’s founder and chief executive officer, I am accountable for the company’s health, its direction, and the manner in which we execute that, including decisions such as this one.The disappointing outlook comes as Meta is contending with slowing global economic growth, competition from TikTok, privacy changes from Apple, concerns about massive spending on the metaverse and the ever-present threat of regulation

And that was one of the most difficult decisions I’ve had to make in my 18 years as CEO. And a significant portion of the difficulty is due to the influence it has on your lives, as well as our mission.’

We’re losing individuals who… You have truly poured your heart and soul into this location.Zuckerberg told employees the firing were 'necessary' after the company lost two-thirds of its value in the span of roughly a year. Meta's share price has tumbled nearly 70 percent since the beginning of the year and the company has also lost billions through its 'Metaverse' project

Each of you is talented and enthusiastic, and you have all contributed to making Meta the success that it is.

Each of you, regardless of the team on which you worked, contributed to the products that billions of people use every day to connect.