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Meta to Slash 8,000 Jobs Globally, Mainly in Engineering/ Product Teams
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Meta Platforms, Inc. (META.US) will slash 8,000 jobs globally, Bloomberg reported. Affected employees will begin receiving notifications from Wednesday (20th), starting with staff at its Asian hub in Singapore, followed by employees in Europe and the US. The latest layoffs are part of a previously announced restructuring plan aimed at improving efficiency and reducing costs, while ramping up investment in AI. The affected employees are mainly from Meta's engineering and product teams, sources divulged. Further layoffs later this year cannot be ruled out. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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