Meta is reportedly planning to cut up to 20 percent of its staff in upcoming layoffs
Meta is reportedly planning significant layoffs, potentially cutting up to 20 percent of its workforce, according to a Reuters report. While specific details are not finalized, executives are being asked to plan for workforce reductions. This follows previous rounds of layoffs and substantial spending on AI startups.
- Entities
- Topic: Layoffs
- Topic: Tech Industry
- Company: Meta
- Company: Moltbook
- Company: Reality Labs
- Company: Manus
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