business / news / / USA TODAY
Facebook owner Meta META.O plans to lay off 10% of its workforce on Wednesday.
Meta plans to lay off 10% of its workforce on Wednesday and more later this year.
KEY POINTS
- 7,000 employees will be shifted to new AI-focused initiatives, while many managerial roles will be cut.
- Meta has closed an additional 6,000 open roles as part of the restructuring.
- Some Meta teams will use mouse-tracking software to train AI, sparking employee protests and a petition.
- A new initiative called Enterprise Solutions will be detailed soon, according to internal memos.
COMPANIES
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