Meta Platforms Inc Class A (META)
Meta to lay off 10% of workforce as AI investment increases
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) plans to lay off approximately 10% of its workforce, affecting about 8,000 employees, according to a company memo sent on Thursday. The layoffs are scheduled to begin on May 20.
Meta Centralizes Access to Facebook, Instagram, AI Glasses and More Apps
Meta Account lets you manage and access all your Meta accounts from a single unified dashboard.
Meta Prepares 8,000 Layoffs to Offset AI Infrastructure Investments
Meta plans to cut 10% of its workforce, or about 8,000 employees, and will not fill 6,000 open roles, Bloomberg reported Thursday (April 23), citing a memo the company sent to employees. The company will announce the layoffs on May 20, according to the report.
Meta informs staff of layoffs affecting 8,000 employees amid AI push
As AI spending booms, Meta announces 8,000 layoffs while Microsoft offers voluntary retirement to thousands of employees amid tech reductions.
Here's Why Meta Platforms (META) Fell More Than Broader Market
In the most recent trading session, Meta Platforms (META) closed at $659.15, indicating a -2.31% shift from the previous trading day.
Parents Can Now See What Their Kids Are Asking Meta AI About
The company adds a feature that will reveal what topics teens delve into with AI on Facebook, Instagram and WhatsApp.
You Can Now Stream DirecTV on Your Meta Quest Headset
The app brings lots of live channels and on-demand to the VR world.
Meta to ax 8,000 jobs as Zuckerberg doubles down on AI and white-collar bloodbath picks up
The Facebook parent disclosed the layoffs in a memo sent to staff Thursday.
Meta Cutting 10% Of Company In Push For ‘Efficiency'—As AI-Related Layoffs Soar
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Meta Will Lay Off 8,000 Employees in May: Memo
The company said the 10% workforce cut is needed to run more efficiently and offset other investments. It will also cancel plans to hire for 6,000 open roles.
Meta is laying off 10% of its entire staff next month. Read the full memo it just sent.
Meta is cutting about 10% of its workforce on May 20, the company just announced. The mass layoff is being done to "run the company more efficiently" and offset huge AI investments.
Meta to cut 10% of jobs, or 8,000 employees, report says
Meta is planning to cut 10% of its workforce, amounting to 8,000 employees, according to a report from Bloomberg. Meta also will not hire for 6,000 roles that are currently open.
