Meta CEO States No Further Company-Wide Layoffs Expected This Year
In an internal memo viewed by Reuters, Meta CEO Mark Zuckerberg informed employees that he does not expect further company-wide layoffs this year. The announcement came alongside a major restructuring effort involving the layoff of 10% of its global workforce and reassignment of another 7,000 workers to AI-related initiatives.
Tickers: $META
Topics: AI strategy layoffs Meta restructuring