Meta Reportedly Initiates Global Layoffs; AI-Focused Restructuring Sparks Employee Backlash
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Meta, Facebook's parent company, sent a memo to employees on May 18th detailing a layoff plan to be executed this week. This global workforce reduction is part of a new organizational restructuring aimed at improving artificial intelligence (AI) workflows. According to a previous Reuters report, Meta plans to cut about 8,000 employees (10%) and reassign another 7,000 to AI-related projects. The changes have sparked strong backlash within the company.