Meta set to layoff 10% of its staff
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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 plans 8,000 layoffs in May as company redirects resources toward artificial intelligence and efficiency goals
Mark Zuckerberg-led Meta has confirmed it plans to slash about 8,000 jobs — roughly 10% of its workforce — informing employees of the sweeping cuts on Thursday. The Facebook parent disclosed the layoffs in a staff memo, signaling that the company is moving ahead with a massive workforce reduction as it pours billions into artificial intelligence.
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,
Meta layoffs latest update: Meta Platforms is preparing to lay off approximately 10% of its workforce, impacting around 8,000 employees on May 20. This significant workforce reduction is part of a broader strategy to enhance efficiency while continuing substantial investments in artificial intelligence.
Meta plans to lay off 8,000 employees in its first wave of cuts on May 20, with more expected later this year, Reuters is reporting.