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Meta to hand over termination letters to employees in 2 weeks.
Meta will lay off around 10% of its workforce, affecting nearly 7,800 employees on May 20.
KEY POINTS
- Approximately 6,000 open positions at Meta will be closed in addition to layoffs.
- Meta's severance package includes at least 16 weeks of base pay and 18 months health coverage in the US.
- Meta executives have not ruled out further layoffs after this round.
COMPANIES
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