Based on news reporting.
Meta Platforms, Inc. - 1 Hacker has announced the layoff of 700 employees as part of its ongoing restructuring efforts, coinciding with a significant $135 billion investment in artificial intelligence. This decision reflects the company's strategic shift and response to current market conditions. The layoffs are part of a broader trend within the tech industry, where companies are reevaluating their workforce in light of economic pressures. The affected positions are not specified in the article, but the cuts are seen as necessary for Meta to align its resources with its future goals.
Meta Platforms, Inc. cut 700 jobs as of October 1, 2023.
That is roughly 1% of the 72,404 people Meta Platforms, Inc. employs.
LayoffTalk has tracked 100 layoff events at Meta Platforms, Inc. since October 2023, affecting a combined 83,395 employees.
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