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Meta layoffs to cut 8,000 workers
Finance Yahoo·
Meta Platforms is set to begin layoffs on May 20, impacting approximately 8,000 employees. This reduction represents about 10% of the company's total workforce and is the initial phase of a broader restructuring effort. The layoffs are closely tied to Meta's significant investments in artificial intelligence development. This move signals a strategic realignment of resources as the company prioritizes its AI initiatives amidst a challenging economic landscape.
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layoffs
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Finance Yahoo — finance.yahoo.com