US EditionMeta Layoffs: 16,000 Jobs on the Line as Mark Zuckerberg Plans Major Cuts in Looming Workforce Shake-Up
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The layoffs cover about 10% of Meta's workforce and will start on May 20th amid readjustments after a strong investment in AI
Times of India
The Economic TimesMeta layoffs: 16,000 jobs on the line as Mark Zuckerberg plans major cuts in looming workforce shake-up
Meta is set to cut 16,000 jobs soon. The first phase begins May 20, affecting 8,000 workers. This major restructuring follows the company's strong push into Artificial Intelligence. Mark Zuckerberg's firm is reshaping its workforce for a more automated future. Other companies like Disney and Oracle are also undertaking significant layoffs.
Following Oracle, Meta is now preparing for large-scale layoffs, with approximately 16,000 people expected to lose their jobs in the coming months. Meta CEO Mark Zuckerberg has already confirmed that he will increase his focus on AI and make significant investments there. Let's learn more about this in detail.
The wave of layoffs at Meta may seem like a sign of crisis, but it reveals that this is not a retreat • While companies are reducing staff in traditional roles, they are pouring billions into AI infrastructures that are redefining the concept of "productivity" • Shiri Wax, CEO of Gotfriends, explains how the Israeli market is showing resilience, why the ability to work alongside AI tools has become a strategic asset, and how opportunities are bo…
MENLO PARK. Around ten percent of the global workforce or almost 8000 employees are to lose their jobs.
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