Meta tells staff it will cut 10% of jobs in push for efficiency

By Kurt Wagner
Published 2 Min Read

Meta logo on smartphone
Bloomberg Mercury

Meta plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence

The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles that it had intended to fill.

Kurt Wagner

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