Meta CEO, Mark Zuckerberg revealed reasons why the company is sacking 11,000 staff, about 13 percent of the company's workforce.
Like Twitter, Meta, the parent company of Facebook, WhatsApp, and Instagram, is planning to let go 15% of its workforce this week.
Jack Dorsey has taken responsibility for the drastic cut in the company's workforce which affected about 3,700 staff
Twitter just laid off nearly all its staff in India. The microblogging platform sacked 180 out of 230 staff it had in the Asian country.
Elon Musk has lamented a massive drop in revenue which he put on activist groups pressurising advertisers to boycott Twitter platform.
Jack Dorsey refused to leave social media business despite Twitter's returns, launched a new social media company Bluesky just a week after selling Twitter
The new owner of Twitter, Elon Musk has announced that the price of Twitter Blue verification will now cost $8 per month.
Low-income nations to pay lower subscription fees for Twitter Blue, according to Elon Musk.
Twitter to impose $20 a month on all verified accounts to expand its revenue generation
Ford and General Motors have disclosed plans to halt paid advertisements on Twitter
