Meta Layoff Shocker: 16,000 Employees to Lose Jobs, 8,000 Layoffs on May 20
Meta Platforms is set to lay off around 16,000 employees in the coming months, with the first phase starting on May 20, impacting 8,000 workers. The layoffs are part of the company's restructuring efforts as it focuses on artificial intelligence and automation.
Meta Platforms is laying off around 16,000 employees in the coming months. The first phase of layoffs is expected to begin on May 20, affecting 8,000 workers. This move is part of the company's restructuring efforts as it doubles down on artificial intelligence and automation. Meta employed nearly 79,000 people as of December 31. The layoffs follow Mark Zuckerberg's emphasis on making the company a leader in AI. Other tech companies, including Disney and Oracle, have also announced significant layoffs this year.
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