Mark Zuckerberg warns about economy as Meta lays off 10,000 employees

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Mark Zuckerberg warns about economy as Meta lays off 10,000 employees
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The additional layoffs come after the company announced 11,000 layoffs in November.

, with more in the tech sector expected to come. Instead of temporary discomfort, Zuckerberg predicted that the sector will struggle with the economy for"many years."

The Federal Reserve has been increasing interest rates steadily for the past year to combat inflation, and although the interest rate hikes have slowed, Zuckerberg believes the current"difficult" economy will continue for the technology sector as it has for the foreseeable future.

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