Meta Announces New Round of Layoffs Starting in May, Focused on AI Strategy
Meta Platforms, Inc. (NASDAQ:META) is preparing for a new round of layoffs starting May 20, with up to 10% of its global workforce, or approximately 8,000 employees, expected to be cut in the first phase. The company is also considering additional layoffs later in the year, depending on the development of its AI capabilities. This would be Meta's largest layoff since 2022.
Tickers: $META
Topics: AI Strategy Layoffs Meta Workforce Reduction