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Mark Zuckerberg enjoys hydrofoil in Hawaii after laying off 11,000 staff and amid resignation rumors

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Mark Zuckerberg was spotted enjoying a day out on his hydrofoil in Hawaii – days after it was reported that he had laid off 11,000 staff members at Facebook’s parent company, Meta, and amid refuted accusations that he is set to resign next year.

Earlier this month, it was revealed that Zuckerberg, 38, had fired 13 per cent of Meta’s workforce – totaling around 11,000 people – weeks after it was reported that the company had lost more than half a trillion dollars in value during this year alone. In addition, CEO Zuckerberg’s net worth has reportedly plummeted by $88 billion in recent weeks.

Amid the losses, The Leak reported that Zuckerberg was going to step down as the head of the company in 2023, however, he has since denied the resignation rumors, calling them ‘false’ via a statement made by Meta communication official Andy Stone.

Mark Zuckerberg was spotted enjoying a day out on his hydrofoil in Hawaii - days after it was reported that he had laid off 11,000 staff members at Facebook's parent company, Meta, and amid refuted accusations that he is set to resign next year

Mark Zuckerberg was spotted enjoying a day out on his hydrofoil in Hawaii – days after it was reported that he had laid off 11,000 staff members at Facebook’s parent company, Meta, and amid refuted accusations that he is set to resign next year

Earlier this month, it was revealed that Zuckerberg, 38, had fired 13 per cent of Meta's workforce - totaling around 11,000 people - weeks after it was reported that the company had lost more than half a trillion dollars in value during this year alone

Earlier this month, it was revealed that Zuckerberg, 38, had fired 13 per cent of Meta’s workforce – totaling around 11,000 people – weeks after it was reported that the company had lost more than half a trillion dollars in value during this year alone

Amid the losses, The Leak reported that Zuckerberg was going to step down as the head of the company in 2023, however, he has since denied the resignation rumors

Amid the losses, The Leak reported that Zuckerberg was going to step down as the head of the company in 2023, however, he has since denied the resignation rumors

Despite the recent controversy surrounding his company, Zuckerberg seemed to have not a care in the world as he went for a ride on his electric surfboard in the Aloha state on Tuesday

Despite the recent controversy surrounding his company, Zuckerberg seemed to have not a care in the world as he went for a ride on his electric surfboard in the Aloha state on Tuesday

Despite the recent controversy surrounding his company, Zuckerberg seemed to have not a care in the world as he went for a ride on his electric surfboard in the Aloha state on Tuesday

While thousands of his former staffers come to grips with losing their job and income - days before the holidays - Zuckerberg enjoyed some fun in the sun on the stunning Hawaiian island Kaui

While thousands of his former staffers come to grips with losing their job and income – days before the holidays – Zuckerberg enjoyed some fun in the sun on the stunning Hawaiian island Kaui

Zuckerberg owns a massive estate that stretches across more than 1,400 acres on the island

Zuckerberg owns a massive estate that stretches across more than 1,400 acres on the island

Despite the recent controversy surrounding his company, Zuckerberg seemed to have not a care in the world as he went for a ride on his electric surfboard in the Aloha state on Tuesday. 

The Facebook founder was seen wearing a long-sleeve gray surf shirt and a pair of black swim trunks, as well as a life vest and sunglasses

The Facebook founder was seen wearing a long-sleeve gray surf shirt and a pair of black swim trunks, as well as a life vest and sunglasses

While thousands of his former staffers come to grips with losing their job and income – days before the holidays – Zuckerberg enjoyed some fun in the sun on the stunning Hawaiian island Kaui, where he owns a massive estate that stretches across more than 1,400 acres.

The Facebook founder was seen wearing a long-sleeve gray surf shirt and a pair of black swim trunks, as well as a life vest and sunglasses.

He was transported from the shore out to sea via jet ski, before catching some waves on his hydrofoil, which was attached to the back of the jet ski and pulled along the water. 

He was joined by an unidentified female friend for the outing.

Meta staffers received the news about the cuts in a company-wide email sent around 6am EST on November 9, in which Zuckerberg told employees that the layoffs were necessary after the company lost two-thirds of its value – something he said he was ‘taking responsibility’ for.

He wrote: ‘Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.’

He also said the company was overstaffed because he was overly optimistic about the its growth. Zuckerberg stressed the company would shift resources to ‘high priority growth areas’ such as its AI discovery engine, ads and business platforms, as well as its metaverse project. Meta will also cut discretionary spending and extend its hiring freeze through the first quarter. 

He was joined by an unidentified female friend for the outing

He was joined by an unidentified female friend for the outing

He was joined by an unidentified female friend for the outing

He was transported from the shore out to sea via jet ski

He was transported from the shore out to sea via jet ski

He then caught some waves on his hydrofoil, which was attached to the back of the jet ski

He then caught some waves on his hydrofoil, which was attached to the back of the jet ski

Meta staffers received the news about the cuts in a company-wide email sent around 6am EST on November 9, in which Zuckerberg told employees that the layoffs were necessary after the company lost two-thirds of its value

Meta staffers received the news about the cuts in a company-wide email sent around 6am EST on November 9, in which Zuckerberg told employees that the layoffs were necessary after the company lost two-thirds of its value

He wrote: 'Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility'

He wrote: 'Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I'd expected. I got this wrong, and I take responsibility'

He wrote: ‘Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility’

He also said the company was overstaffed because he was overly optimistic about the its growth. Zuckerberg stressed the company would shift resources to 'high priority growth areas' such as its AI discovery engine, ads, and business platforms

He also said the company was overstaffed because he was overly optimistic about the its growth. Zuckerberg stressed the company would shift resources to ‘high priority growth areas’ such as its AI discovery engine, ads, and business platforms

Afterwards, many former Meta employees slammed Zuckerberg, with one branding his decision to let them go through a ‘cold’ email as ‘inhumane’ exclusively to DailyMail.com

‘It’s like they don’t know what they’re doing,’ the staffer, who asked to remain anonymous said.

He told DailyMail.com that he worked as a staff software engineer at the company for years, eventually becoming a team leader. In general, he said, working for the company was a positive experience.

‘Teammates and lower level management are great and supportive, but higher leadership is terrible,’ he continued. ‘I think they just don’t have a good plan.’

The engineer told DailyMail.com how devastated he was when he received the email saying he was laid off earlier this month, explaining that the decision was made by executives at the company and not the managers who actually oversee their staff. 

‘My wife and I woke at [3am] and discovered that I didn’t have access to the internal network,’ he recalled. ‘That’s how we learned that I got fired. 

‘At 5am I received the official letter. It was sad, but not that much. They are giving us an amazing severance package, like seven months of severance with insurance and everything.

‘My wife was feeling worse that [I was] because we just had a baby two months ago, and I’m the one providing income to the family, but I think we’ll get through this.’

He noted he does not have a grudge against the company, but added: ‘I just wish leadership didn’t have to fire people through email. That’s so inhumane. 

‘Something I loved about Facebook was the personal treatment of every person,’ he added. ‘It seems they are losing that.’

Afterwards, many former Meta employees slammed Zuckerberg, with one branding his decision to let them go through a 'cold' email as 'inhumane' exclusively to DailyMail.com

Afterwards, many former Meta employees slammed Zuckerberg, with one branding his decision to let them go through a ‘cold’ email as ‘inhumane’ exclusively to DailyMail.com

Meta said it would pay the laid off employees 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance package, as well as all remaining paid time off

Meta said it would pay the laid off employees 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance package, as well as all remaining paid time off

Meta recently forecast a weak holiday quarter and significantly more costs next year, wiping about $67 billion from stock market value, adding to the more than half a trillion dollars in value already lost this year

Meta recently forecast a weak holiday quarter and significantly more costs next year, wiping about $67 billion from stock market value, adding to the more than half a trillion dollars in value already lost this year

Meta recently forecast a weak holiday quarter and significantly more costs next year, wiping about $67 billion from stock market value, adding to the more than half a trillion dollars in value already lost this year

According to documents obtained by the Wall Street Journal, the company planned to hit 500,000 users of its virtual reality platform, Horizon Worlds, by the end of 2022

According to documents obtained by the Wall Street Journal, the company planned to hit 500,000 users of its virtual reality platform, Horizon Worlds, by the end of 2022

The number at the time of writing is less than 200,000, still well below a revised goal of 280,000 by the end of 2022. The documents also revealed that the majority of those 200,000 users, don't come back after entering the system once

The number at the time of writing is less than 200,000, still well below a revised goal of 280,000 by the end of 2022. The documents also revealed that the majority of those 200,000 users, don’t come back after entering the system once

Share prices for the social media giant are down nearly 70 per cent over last year, but are trending upward following the report

Share prices for the social media giant are down nearly 70 per cent over last year, but are trending upward following the report 

After the news of the firings hit the web, The Leak reported that Zuckerberg had decided to leave the company beginning in 2023. But a representative tweeted that it was 'false'

After the news of the firings hit the web, The Leak reported that Zuckerberg had decided to leave the company beginning in 2023. But a representative tweeted that it was ‘false’ 

Meta said it would pay the laid off employees 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance package, as well as all remaining paid time off. 

Employees will get cost of healthcare for six months and those impacted will receive their November 15 vesting, according to the company. 

Meta recently forecast a weak holiday quarter and significantly more costs next year, wiping about $67 billion from stock market value, adding to the more than half a trillion dollars in value already lost this year. 

According to documents obtained by the Wall Street Journal, the company planned to hit 500,000 users of its virtual reality platform, Horizon Worlds, by the end of 2022. 

The number at the time of writing is less than 200,000, still well below a revised goal of 280,000 by the end of 2022.

The documents also revealed that the majority of those 200,000 users, don’t come back after entering the system once with many complaining most of the areas are bereft of other users.

Meanwhile, Meta’s Reality Labs business unit, which oversees its VR and AR activities, has already lost $9.4 billion so far in 2022, according to CNBC.

Share prices for the social media giant are down nearly 70 per cent over last year, but are trending upward following the report. 

After the news of the firings hit the web, The Leak reported that Zuckerberg had decided to leave the company beginning in 2023. But a representative tweeted that this was ‘false.’

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