business / news / / The Hindu
Facebook owner Meta plans to lay off 10% of its workforce on Wednesday.
Meta will lay off 10% of employees Wednesday, with further cuts planned later this year.
KEY POINTS
- About 20% of Meta's workforce will be impacted by layoffs and transfers to AI initiatives.
- Meta is eliminating managerial roles and adopting flatter team structures using AI-native design principles.
- Meta employees are protesting the installation of mouse-tracking software for AI training purposes.
- Open roles have been reduced by closing an additional 6,000 job postings as part of these changes.
COMPANIES
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