Meta employees told to work remotely Wednesday as company prepares to slash 10% of workforce: report

The company is preparing a companywide layoff in three waves, with impacted workers notified by email at 4 a.m. local time in their region. The internal document indicates a broad restructuring effort and a meaningful negative signal for employees and the company’s near-term operating outlook. No financial magnitude is provided, but the news is likely to weigh on sentiment around the stock.

Analysis

The company is preparing a companywide layoff in three waves, with impacted workers notified by email at 4 a.m. local time in their region. The internal document indicates a broad restructuring effort and a meaningful negative signal for employees and the company’s near-term operating outlook. No financial magnitude is provided, but the news is likely to weigh on sentiment around the stock.