Meta Set To Begin Thousands Of Layoffs With More Expected Later This Year

Source: International Business Times

Meta could conduct new layoffs later this year, according to a new report. Meta is set to begin conducting a round of layoffs potentially impacting 8,000 people, and more are expected later this year as the company continues to push its focus on AI, according to a new report. CNBC detailed that the layoffs are set to begin on Wednesday and will impact about 10% of the company, which also scrapped plans to fill 6,000 open positions.