Meta plans to cut 10% of its workforce, or about 8,000 employees, and will not fill 6,000 open roles, according to Bloomberg. The company is set to announce the layoffs on May 20. The move signals significant cost-cutting and restructuring pressure at the company, though the headline impact is likely limited primarily to Meta shares rather than the broader market.
Meta plans to cut 10% of its workforce, or about 8,000 employees, and will not fill 6,000 open roles, according to Bloomberg. The company is set to announce the layoffs on May 20. The move signals significant cost-cutting and restructuring pressure at the company, though the headline impact is likely limited primarily to Meta shares rather than the broader market.
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