Meta confirms 2,200 layoffs in Menlo Park and 74 in Playa Vista as part of 10% workforce reduction
By
Lily Wright
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
Meta Platforms has announced detailed layoff figures for its California offices as part of a broader plan to cut approximately 10% of its workforce (roughly 8,000 people). The company will lay off 2,200 employees at its Menlo Park headquarters and 74 at its Playa Vista (Los Angeles) office. These cuts, which began in May, are part of Meta's efficiency drive to offset heavy investments in artificial intelligence.
Key quotes
· 3 pulledMeta Platforms announced more details about its latest round of layoffs.
more than 2,000 employees will be let go across several of its California offices
the company behind Facebook and Instagram began laying off 10% of its workers — roughly 8,000 people — as part of an effort to improve efficiency and 'offset' its other investments in artificial intelligence.
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