•1 min read•from TechCrunch
Meta to cut 10% of jobs, or 8,000 employees, report says
Our take
Meta is set to implement significant layoffs, reducing its workforce by approximately 10%, which translates to around 8,000 employees. This decision, as outlined in an internal memo, indicates a strategic shift within the company aimed at streamlining operations and enhancing efficiency. The layoffs are scheduled to commence on May 20, marking a pivotal moment for the organization as it navigates a rapidly evolving landscape in technology and business. This move underscores Meta's commitment to adaptability in an increasingly competitive environment.
According to an internal memo, Meta plans to begin its sweeping layoffs on May 20.
Read on the original site
Open the publisher's page for the full experience