Meta Plans to Lay Off 16,000 Employees, 8,000 on May 20
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Meta Platforms, Inc. - 1 Hacker is set to lay off a total of 16,000 employees in the coming months, with 8,000 layoffs scheduled for May 20. This significant workforce reduction reflects the company's ongoing restructuring efforts amid challenging market conditions. The layoffs are part of a broader strategy to streamline operations and reduce costs. The exact locations and departments affected by these layoffs have not been disclosed. The announcement indicates a proactive approach to adapt to the evolving business landscape and maintain competitiveness.
Meta Platforms, Inc. cut 16,000 jobs.
That is roughly 22.1% of the 72,404 people Meta Platforms, Inc. employs.
LayoffTalk has tracked 75 layoff events at Meta Platforms, Inc. since January 2023, including 9,622 jobs documented in official WARN filings, with 60 additional events known from news reporting.
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Estimated figure based on news reporting. Not yet confirmed by Meta Platforms, Inc..
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