Meta (Facebook's parent company) is implementing 8,000 job cuts, representing approximately 10% of its total workforce, as part of a restructuring strategy to reduce costs while simultaneously investing heavily in artificial intelligence development. The layoffs began in Singapore and are being communicated through internal memos to employees worldwide.
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Zuckerberg's Meta Starts Laying Off 8,000 PeopleAdded:
We knew that this was coming. This had been flagged. Bloomberg has reported on it, but this is the day when it happens. So, obviously, on a kind of personal level, a very significant for those employees affected at Meta. And coming just today, and we discussed this yesterday after Meta was looking to shift roles, about 7,000 roles and 7,000 workers into additional and different roles. Now they are starting to implement those previously flagged 8,000 job cuts, as you say, starting in Singapore, and those memos will be dropping into the inboxes of other employees, throughout the world of Meta, today. And they started, as you say, in Singapore, 8,000 jobs. That's about 10%, almost 10% of Meta's overall, workforce.
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