In an internal meeting with employees, the CEO said May layoffs were due to slower sales during the U.S. war in Iran and increased spending on AI infrastructure.
In a few weeks, Meta will lay off 10% of its workforce—around 8,000 employees out of the company’s workforce of 78,000. In a recent Q&A with employees, CEO Mark Zuckerberg (not the AI clone version) shed some light on the reasons behind the downsizing.
In an internal meeting with employees, the CEO said May layoffs were due to slower sales during the U.S. war in Iran and increased spending on AI infrastructure.
In a few weeks, Meta will lay off 10% of its workforce—around 8,000 employees out of the company’s workforce of 78,000. In a recent Q&A with employees, CEO Mark Zuckerberg (not the AI clone version) shed some light on the reasons behind the downsizing. Leadership
