TechThe Information1h ago
Meta Eyes Layoffs of 10% of Company Starting in May
TL;DRMeta laying off 8,000 workers in May, 10% of total staff.
Why it matters: Signals ongoing tech industry contraction and potential product/service changes ahead.
Meta Platforms plans to lay off of around 8,000 employees next month, with further job cuts expected to occur in the second half of the year, Reuters reported. The initial wave of 8,000 layoffs is scheduled to begin May 20 and will account for about 10% of Meta’s worldwide…
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