tech
META LAYS OFF MORE THAN 20 PERCENT OF EMPLOYEES! Jobs are being cut, and THIS is the reason!
The company has not yet officially commented on the matter!
TL;DR
- Meta Platforms is reportedly planning to lay off over 20% of its workforce.
- The decision is driven by large investments in artificial intelligence and a desire to improve operational efficiency.
- This would be Meta's largest workforce reduction since late 2022/early 2023.
- The company previously laid off approximately 11,000 employees in November 2022, followed by another 10,000 jobs cuts four months later.
- Meta currently employs nearly 79,000 people worldwide as of the end of December last year.