Meta to cut 10% of jobs, or 8k employees

Meta is planning to cut 10% of its workforce, amounting to 8,000 employees, according to a report from Bloomberg. Meta also will not hire for 6,000 roles that are currently open.

According to an internal memo sent to employees Thursday and viewed by Bloomberg, Meta told staff that the cuts will begin on May 20. Reuters had earlier reported on Meta’s plans for sweeping layoffs.