Sources: Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, laying off ~10% of its global workforce, or ~8,000 employees
Meta (META.O) intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later …
$META rumored to cut 10% of workforce with potential additional cuts according to Reuters. Zuck one of the rare CEOs who isn't afraid to do bold moves either way.
The size of Meta's future layoff waves will depend on the speed of improvements in AI tooling and capacity. — It sets up a wild workplace dynamic. — www.reuters.com/world/meta-t...