The Economic Times

Meta layoffs confirmed: 8,000 jobs slashed, 6,000 roles frozen reason behind the move, timeline and severance details explained

Meta layoffs latest update: Meta Platforms is preparing to lay off approximately 10% of its workforce, impacting around 8,000 employees on May 20. This significant workforce reduction is part of a broader strategy to enhance efficiency while continuing substantial investments in artificial intelligence. The company is also slowing hiring by not filling about 6,000 open positions.