Meta to cut 8,000 jobs — 10% of workforce — in major bloodbath next month: report

Source: New York Post

Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodbath next month – with even more cuts to follow later in the year, according to a report Friday. The Instagram parent will ax nearly 8,000 employees in the initial round set for May 20, Reuters reported. More layoffs are expected in the second half of the year, but Meta executives have yet to decide how extensive they will be or exactly when they will occur.