Meta Announces Plan to Cut 10% of Workforce, or 8,000 Employees
Meta has announced plans to cut 10% of its workforce, or 8,000 employees, starting on May 20, 2026, according to a Bloomberg report. The company will also halt hiring for 6,000 open roles. The move is described as part of an effort to improve efficiency and offset major investments in AI and the metaverse.
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