Lates News

Three informed sources stated that Meta Platforms (META.O) plans to carry out a large-scale layoff on May 20th following the first round of layoffs this year, and there will be further layoffs in the future. One of the sources said that as part of the first round of layoffs, the company will cut around 10% of its global workforce, close to 8,000 people. The company also plans to further reduce its workforce in the second half of this year, but details such as the specific timing and scale have not been finalized. The sources added that management may adjust the plans based on the development of artificial intelligence capabilities. Meta's layoffs this year will be the largest since the restructuring known as the "Year of Efficiency" from the end of 2022 to early 2023, when the company cut around 21,000 positions. Although the company's financial situation is more stable this time, management envisions a future with fewer management levels and higher efficiency through AI-assisted employees. According to the latest disclosure, as of December 31st of last year, Meta had approximately 79,000 employees.