Meta Announces Plan to Cut 10% of Employees

Meta Platforms informed employees via internal memo that it will cut about 10% of its total workforce, or around 8,000 people. The layoffs are scheduled to take place on May 20.

Hiring will also be scaled back during the same period. The 6,000 open positions originally planned to be filled will no longer be filled.

The move was explained as a cost adjustment aimed at offsetting increased AI-related spending and improving operational efficiency. However, the article did not provide further details on which business units would be prioritized for cuts or what the specific criteria would be.