(The Hill) — Meta informed staff this week that it will cut 10 percent of workers as it invests billions into artificial intelligence products. The memo, sent Thursday by Meta’s Chief People Officer Janelle Gale, said the cut will take place on May 20 ...

Meta will cut 10% of its workforce, impacting about 8,000 employees, as it shifts resources to AI and reduces costs amid ongoing restructuring efforts.

Meta will cut around 10 per cent of its global workforce by May 20, according to an internal memo sent by its chief people officer Janelle Gale, confirming weeks of speculation about layoffs at the social media group.

Meta has announced plans to cut nearly 8,000 jobs, telling workers it’s looking to be more efficient. The tech giant said around 10 percent of its workers will be laid off on Wednesday May 20 as part of a major shakeup.

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Meta is cutting roughly 10% of its staff, totaling about 8,000 employees, to shore up its finances for more spending on artificial intelligence. In a memo sent to staff, the company said the move was intended to “run the company more efficiently and to allow us to offset the other investments we’re making.

Meta Platforms has informed that the company will layoff 10 er cent of its staff which sums to 8,000 employees in the next few weeks. Chief people officer Janelle Gale informed the workers of this development in a message.

Meta informed staff this week it will cut 10 percent of workers as it invests billions into artificial intelligence products. The memo, sent Thursday by Meta’s Chief People Office Janelle Gale, said the cut will take place on May 20,