Facebook Parent Company Meta will lay of 11,000 employees

Facebook Parent company Meta on Wednesday said

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it is laying off 11,000 employees, marking the most

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Significant job cuts inthe tech giant's history.

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The job cuts come as Meta confronts a range of challenges to

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its core business and makes an uncertain and costly bet on

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Picoting to the metaverse .

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It also comes amid a spate of layoffs at other comes amid

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a spate of layoffs at other tech firms in recent months as

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the high-flying sector reacts to high inflation

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rising interest rates and fears of a looming recession.

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