business / news / / The Independent
The tech giant said around 10 percent of its workers will be laid off on Wednesday May 20.
Meta will lay off about 7,900 employees, roughly 10 percent of its workforce, on May 20.
KEY POINTS
- Meta will freeze hiring for the 6,000 open roles it had intended to fill.
- More layoffs are planned for the second half of the year, according to sources.
- Meta expects to spend up to $169 billion this year, mainly on infrastructure and AI investments.
COMPANIES
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