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Message: <blockquote data-quote="ranjan_ayya" data-source="post: 28332804" data-attributes="member: 573700">Mark Zuckerberg admits personal mistakes have contributed to Meta's struggles as he apologises for the need to cut so many workers under wider plans to cut costs and refocus the business.Meta, the owner of Facebook and Instagram, has revealed that 13% of its workforce is being laid off, becoming the latest big tech player to wield the axe in the tougher global economy.The firm announced on Wednesday it will cut its global workforce by more than 11,000 employees as part of a wider shake-up of the business that aims to drastically cut costs.<a href="https://news.sky.com/topic/meta-9868" target="_blank">Meta</a> staff were being told what was happening to them individually via email.Those affected in the US would get at least six weeks salary as compensation, plus a further two weeks' wages for every year served.The arrangements would be similar elsewhere, the company said, though it was unclear whether any UK jobs were affected. Meta has its European HQ in Ireland.Founder and chief executive Mark Zuckerberg told staff in an internal email explaining the changes that he wanted "to take accountability for these decisions and for how we got here."He admitted his own plans for growth had been too optimistic, saying "I was wrong" when outlining how Meta had bet on continued high demand for e-commerce after the worst of the COVID pandemic.</blockquote>

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