Meta may slash 8,000 jobs on May 20 as AI reshapes workforce: Report
Meta, the parent company of Facebook, is set to cut 10% of its workforce, or 8,000 employees, with the first round of layoffs happening on May 20. More layoffs may come later this year as the company embraces AI. This trend of slimming down and embracing AI is also seen in other tech companies like Snap Inc. and Amazon. Despite facing future layoffs, Meta is moving forward.