Meta plans to initiate its first round of large-scale layoffs this year on May 20.

Sources say that Meta will lay off approximately 10% of its global workforce in the first round of layoffs starting on May 20, amounting to nearly 8,000 people. This tech giant, which owns Facebook and Instagram, also plans to implement further layoffs in the second half of this year, but specific details regarding timing and scale have not yet been finalized. The sources added that management may adjust these plans based on the progress of artificial intelligence technology. (First Financial)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin