Meta plans to cut 8,000 jobs (10% of workforce) starting May 20, internal memo says
By
Vaslo
Plain bagel done well. Pleasantly substantive.
Summary
Meta is planning to cut 10% of its workforce (approximately 8,000 employees) and will not fill 6,000 currently open roles, according to a Bloomberg report citing an internal memo. The layoffs are set to begin on May 20 as part of Meta's efforts to run more efficiently and offset other investments.
Key quotes
· 1 pulledWe're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making
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