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Glasgow Live
Glasgow Live
National
Abbie Meehan

What is Meta as Facebook and Instagram owner slashes thousands of jobs

Meta Facebook Instagram Mark Zuckerberg

Meta has confirmed that it will cut more than 11,000 jobs globally as part of a major restructuring of its business.

Meta is the parent company of Facebook, and is ran by founder and CEO Mark Zuckerberg. It also owns Instagram and WhatsApp, and is worth 288.14 billion dollars.

Founder Mark told employees he "got it wrong" when announcing the restructure, and added that he "took full responsibility" for the redundancies.

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