Mark Zuckerberg

News website The Leak earlier in the day reported that Zuckerberg was set to resign in 2023, citing an unnamed insider source.

Mark Zuckerberg, addressing pointed questions at a company-wide meeting a week after Meta said it would lay off 11,000 workers, described the pair of messaging apps as being "very early in monetizing" compared to its advertising juggernauts Facebook and Instagram, according to remarks heard by Reuters.

Meta has let go over 11,000 workers while Twitter sacked roughly 50 percent of its 7,500-strong workforce.

Mark Zuckerberg has promised 16 weeks of base pay plus two additional weeks for every year of service as severance package to the impacted Meta employees.

Anneka Patel, a Facebook communications manager on maternity leave was among the 11,000 Meta employees impacted by mass layoffs at the tech giant.

A Meta employee who relocated from India to Canada for a job with the tech giant was laid off just two days after joining

Meta CEO Mark Zuckerberg said, "There is no good way to do a layoff, but we hope to get all the relevant information to you as quickly as possible and then do whatever we can to support you through this."

This is the first major round of layoffs at Meta, and is being considered as the most drastic one since Facebook began in 2004.

Mark Zuckerberg appeared downcast in Tuesday's meeting and said he was accountable for the company's missteps and his overoptimism about growth had led to overstaffing, the report added, citing people familiar with the matter.

Even as project metaverse sucks the wind out of the company, Zuckerberg stands mangled, but firm, eyes fixed on the future

Chief Executive Mark Zuckerberg has said he expects the metaverse investments to take about a decade to bear fruit.

CEO Mark Zuckerberg has said the company will focus its investments on a small number of high-priority growth areas in 2023

The metaverse project is still in its infancy: While Facebook has about 3 billion active users, Horizon Worlds, the VR platform that serves as the foundation of metaverse experience, has just 200,000, according to internal documents revealed by the Wall Street Journal.

Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value after the company posted its fourth straight decline in quarterly profit.

"WhatsApp is far more private and secure than iMessage, with end-to-end encryption that works across both iPhones and Android," Mark Zuckerberg noted in a Facebook post.

Mark Zuckerberg said that that Apple could hurt other VR platforms if it has as much control over its headset as over iPhone and the Mac.

Meta founder and CEO Mark Zuckerberg has lost over 119 million followers which has brought down his follower count to below 10,000.

Meta has spent billions of dollars and assigned thousands to make Mark Zuckerberg’s dream feasible, but its metaverse efforts have had a rocky start. Some employees complain about frequent strategy shifts tied to Zuckerberg’s whims rather than a cohesive plan

Despite repeated reminders, the people working on the app aren't really keen on using their product

In what would be the first major budget cut since the founding of Facebook in 2004, Zuckerberg said the company will freeze hiring and restructure some teams to trim expenses and realign priorities. Meta will likely be smaller in 2023 than it was this year, he said.