Meta Announces First Wave of Layoffs Starting May 20
Meta (META) is set to begin its first wave of layoffs on May 20, affecting approximately 8,000 employees, or 10% of its global workforce. The layoffs are described as an initial round, with potential for further cuts. This move is expected to impact Meta's operational structure and employee morale.
Tickers: $META
Topics: job cuts layoffs Meta restructuring