Meta to cut 10% of jobs, or 8,000 employees, report says
TechCrunch • • business
Key Points:
- Meta plans to cut 10% of its workforce, which amounts to approximately 8,000 employees, according to a Bloomberg report.
- The company will also freeze hiring for 6,000 currently open positions as part of its cost-cutting measures.
- Layoffs are set to begin on May 20, as detailed in an internal memo viewed by Bloomberg and previously reported by Reuters.
- Meta’s Chief People Officer, Janelle Gale, stated the cuts are aimed at improving company efficiency and offsetting other investments, acknowledging the difficulty of letting go of valuable employees.
- TechCrunch has reached out to Meta for further comment on the situation.
