The Economic Times

Meta layoffs: 16,000 jobs on the line as Mark Zuckerberg plans major cuts in looming workforce shake-up

Meta is set to cut 16,000 jobs soon. The first phase begins May 20, affecting 8,000 workers. This major restructuring follows the company's strong push into Artificial Intelligence. Mark Zuckerberg's firm is reshaping its workforce for a more automated future. Other companies like Disney and Oracle are also undertaking significant layoffs.