Meta denies Mark Zuckerberg is set to resign next year

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Meta (formerly Facebook) has denied reports that its founder and CEO Mark Zuckerberg will step down next year due to the social network’s slow growth and massive layoffs.

The Leak portal first reported, citing a source familiar with Meta’s plans, that “Zuckerberg is set to resign next year.” According to the report, Zuckerberg has decided to step down and that it will not “affect metaverse,” his multibillion-dollar project. Meta’s Communications Director, Andy Stone, refuted the report late Tuesday, tweeting, “This is false.” Despite serious concerns raised by investors and industry experts, Zuckerberg is determined to pursue his Metaverse vision aggressively. Earlier this month, in one of the worst layoffs in tech history, Zuckerberg fired over 11,000 employees — roughly 13% of the global workforce — and extended the hiring freeze until Q1 2023.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Meta denies Mark Zuckerberg is set to resign next year

Meta (formerly Facebook) has denied reports that its founder and CEO Mark Zuckerberg will step down next year due to the social network’s slow growth and massive layoffs.

The Leak portal first reported, citing a source familiar with Meta’s plans, that “Zuckerberg is set to resign next year.” According to the report, Zuckerberg has decided to step down and that it will not “affect metaverse,” his multibillion-dollar project. Meta’s Communications Director, Andy Stone, refuted the report late Tuesday, tweeting, “This is false.” Despite serious concerns raised by investors and industry experts, Zuckerberg is determined to pursue his Metaverse vision aggressively. Earlier this month, in one of the worst layoffs in tech history, Zuckerberg fired over 11,000 employees — roughly 13% of the global workforce — and extended the hiring freeze until Q1 2023.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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