Hey, did you hear about that multi-billionaire who owns a major tech platform and social media network who is laying off massive numbers of workers? No… not that one. The other one. We’re talking about Mark Zuckerberg, the big shot behind Facebook and its parent company Meta. The company’s value has been in the tank this year and there had already been rumors circulating about expected cutbacks, but the volume of people getting their walking papers this month is truly massive. Meta will reportedly shed more than 11,000 people, roughly 13% of the entire workforce. But Zuck wants all of them to know that he takes “full responsibility” for the situation and that he’s very sorry. (NBC News)

Meta will lay off more than 11,000 employees, CEO Mark Zuckerberg told workers in a message on Wednesday.

The layoffs will reduce the company’s workforce by about 13%, according to Meta, the parent company of Facebook, Instagram and WhatsApp.

“I want to take accountability for these decisions and for how we got here,” Zuckerberg told employees. “I know this is tough for everyone, and I’m especially sorry to those impacted.”

To his credit, Zuckerberg is laying out the poor decisions that he made that significantly impacted the company’s fortunes, leading him to this workforce reduction. He invested massively at the beginning of the pandemic, believing that e-commerce would continue to thrive the way it did during the lockdowns. But when the country reopened, many consumers returned to their previous shopping habits and Meta began bleeding out cash.

He cited a “macroeconomic downturn, increased competition, and ads signal loss” for Meta’s failing revenue. It must have been one heck of a loss if he’s canning 13% of the company’s massive workforce.

The people who are departing will be getting what appears to be a quite generous exit package, however. Everyone will receive sixteen weeks of severance pay, plus two additional weeks for each year they’ve been employed by the company. In addition, workers will be compensated for any paid time off they have on the books and their company health coverage will be extended for six months while they seek new employment. That’s not a bad deal.

Some obvious questions should still arise from this development, though. When Elon Musk announced he was laying off a huge swath of Twitter’s employees he was treated like a demon from hell by the liberal media and celebrity elites. But he too cited the fact that the company was hemorrhaging money and was not profitable in its current configuration. Granted, he was also rooting out all of the censors and the underlying code that made such censorship possible, but it was still a business decision. Will Zuck be similarly made to walk the plank? I somehow doubt it.

Speaking of censorship, Musk hasn’t said a word about Facebook’s censorship of conservative opinions. Will that be changing? And then there’s Google (now part of Alphabet) which is arguably even worse. In case you aren’t aware of the full range of election tampering that Google has been engaged in, I would recommend you check out Fox’s one-hour interview with Dr. Robert Epstein. He has spent years developing a social media monitoring system that proves beyond a doubt how Google buries search results favorable to conservative candidates and causes while promoting results that support liberals. The linked interview is on their streaming service, Fox Nation, but nonsubscribers can sign up for a two-week trial and watch it for free and then cancel without paying anything if they wish.