The Chan Zuckerberg Initiative is a charitable vehicle for the wealthy couple. The charitable foundation of Mark Zuckerberg and his wife Priscilla Chan conducted its first layoff this week. The cuts at the Chan Zuckerberg Initiative impacted 48 employees, according to two people familiar with the company. Over at Meta, employees there have dealt with layoffs since November, as the company looked to reduce costs in the face of slowing revenue growth and massive expenses on Zuckerberg's metaverse ambitions. It seems that mandate has made its way over to the CEO's charitable initiative as well.

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Persons: Chan Zuckerberg, CZI, Mark Zuckerberg, Priscilla Chan, Chan, Raymonde Charles, Charles, Zuckerberg Organizations: Harvard University, Meta, Facebook Locations: Meta