Meta’s Biggest Layoff Since 2023 Lands in May, Hitting 8,000 Workers
BeInCrypto
Meta plans to cut 8,000 jobs, or 10% of its workforce, on May 20 to improve efficiency and offset investments in artificial intelligence.Summary
Meta Platforms has announced plans to lay off approximately 8,000 employees, representing about 10% of its workforce, effective May 20. Chief People Officer Janelle Gale stated that these cuts are intended to streamline operations and reallocate resources toward artificial intelligence investments. Additionally, the company will cancel plans to fill 6,000 open positions. This move is part of a broader trend of restructuring within the technology sector, with companies like Microsoft, Oracle, and Amazon also implementing significant workforce reductions.
(Source：BeInCrypto)