Meta Platforms Inc.’s CEO Mark Zuckerberg will supposedly step down from the post next year as the company faces unprecedented pressure, the Leak cited unnamed sources on Tuesday. Zuckerberg reportedly made the decision to resign as the company’s CEO, however, the move is not expected to “affect the metaverse.” These speculations have been rejected by the company.
Earlier this month, the tech giant’s CEO announced additional layoffs, reducing the workforce by 13%, which is nearly 11,000 of its employees, as the business seeks to prolong its hiring freeze into the first quarter of the following year.
Meta Platform Inc.’s stock was up by 0.44% at 11:04 am ET. The multi-billion dollar projects being undertaken by the tech giant, however, have failed to provide the results Zuckerberg had predicted, and its shares have fallen by roughly 70% year to date.
Meta Inc’s policy communication director, Andy Stone took to Twitter to clarify that founder and chief executive Mark Zuckerberg will not be stepping down anytime soon.
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