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Meta Said to Slash 10% of Workforce This Week, Reassign 7,000 Staff to New AI Projects
Meta Platforms, Inc. (META.US) issued a memo to employees detailing this week's layoff plan, Reuters reported. While implementing global workforce reductions, the company will ...
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Meta Platforms, Inc. (META.US)      issued a memo to employees detailing this week's layoff plan, Reuters reported. While implementing global workforce reductions, the company will also carry out a new round of restructuring aimed at improving its AI workflow.

Meta plans to reassign 7,000 employees to new projects related to AI workflow and eliminate management positions, according to the memo. The layoffs and reassignments will affect about 20% of the company's workforce.

Related NewsRetail Sales MoM for Apr in the United States is 0.5%, lower than the previous value of 1.7%. The forecast was 0.5%.
Some of the reassignments have already been completed, while the remaining employees will be notified on Wednesday (20th). Moreover, Meta will close another 6,000 job vacancies.
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