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Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later.
Meta will lay off nearly 8,000 employees, or 10% of its global workforce, starting May 20.
KEY POINTS
- Further layoffs are planned later this year, but details on timing and size remain undetermined.
- Layoff plans may be adjusted depending on developments in artificial intelligence capabilities within Meta.
- Some staff will be moved to a newly created Meta Small Business unit as part of the restructuring.
- Meta has formed an 'Applied AI' organization by combining engineers from different teams to accelerate AI development.
COMPANIES
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