Srinagar, Nov. 10 -- Meta, the parent company of Facebook, has announced to fire 11,000 employees in a bid to reduce costs

The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk.

Meta Chief Executive Officer (CEO) Mark Zukerberg announced in his latest blog about the decision and termed it a difficult one.

"Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go," Mark's blog post said.

"We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze t...