In a company-wide memo that was all posted on the company’s public pages, Zuckerberg blamed the pandemic, saying that the digital growth and “surge of e-commerce” experienced during the early days of COVID-19 — when lockdowns meant people were stuck at home — seemed as though it would become a “permanent acceleration that would continue even after the pandemic ended.”
Source: Meta to Lay Off 11,000 Staffers, Cuts Workforce by 13%, ‘Reduces Perks’