Some Meta Employees Told to Work Remotely for the Day As Layoffs Loom
Business Insider • • general
Key Points:
- Some Meta employees, particularly in the wearables and ads divisions, were instructed to work remotely on Wednesday, according to internal emails reported by Business Insider.
- Meta's wearables unit, which focuses on AI glasses and augmented reality, remains a key investment area for 2026 despite ongoing organizational changes.
- The company is preparing for significant layoffs, potentially cutting over 20% of its workforce, which could amount to around 16,000 jobs from its nearly 79,000 employees.
- Meta recently increased stock-based compensation for senior leaders, excluding CEO Mark Zuckerberg, as part of its broader investment in AI and leadership restructuring.
- The company continues to shift focus away from the Metaverse, having already reduced Reality Labs staff by 10-15% earlier this year, while its stock has declined nearly 3% over the past year.
