Meta slashes 10 percent of workforce
Summary
Meta announced it will reduce its workforce by 10 percent while investing heavily in artificial intelligence (AI) products. The company plans to cut jobs and close 6,000 open positions starting May 20.Key Facts
- Meta will cut 10 percent of its employees.
- The job cuts will begin on May 20.
- Meta is investing billions of dollars in AI technologies.
- About 6,000 open job positions at Meta will be closed.
- The announcement was made through an internal memo by Janelle Gale, Meta’s Chief People Officer.
- Bloomberg published the memo with these details.
- Meta is focusing on AI as a key part of its future business strategy.
- The decision reflects changes in company priorities and economic conditions.
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