Meta tells staff it will layoff 8,000 employees on May 20, but the reason the company is telling them now is ...
Meta is preparing to lay off approximately 10% of its global workforce, impacting around 8,000 employees on May 20.
This decision, announced by Chief People Officer Janelle Gale, aims to increase efficiency and offset significant AI investments.
The company will provide generous severance packages and career support to affected employees.
Meta and Microsoft cut thousands
- First Thing: Microsoft and Meta cut thousands of staff as they bet big on AI The Guardian —
- Meta to cut 10% of global workforce to offset AI spending Irish Times —
- Meta to cut 8,000 jobs as AI spending soars City AM —
- Thousands of jobs to be cut at tech giants Meta and Microsoft LBC —
- Microsoft tackles quality control issues. Just kidding, it's encouraging experienced workers to leave The Register —