What's behind the huge job losses at Meta?
Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce.
The first mass lay-offs in the firm's history will result in 11,000 employees, from a worldwide headcount of 87,000, losing their jobs.
Meta chief executive Mark Zuckerberg said the cuts were "the most difficult changes we've made in Meta's history".
The news follows major lay-offs at Twitter, which cut about half its staff, and other tech firms.
For more information, Newshour's James Menendez has been speaking to Grace Dean, a business reporter at the news site Insider.
Photo shows: A person walking past the offices of Meta, the parent company of Facebook and Instagram, in King's Cross, London. Credit: PA
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