Location: Menlo Park, California, USA.
Based on news reporting.
Meta Platforms, Inc. has announced a significant workforce reduction, laying off approximately 10,000 employees, which represents about 10% of its total workforce. This decision comes in the context of rising concerns regarding the company's spending on artificial intelligence initiatives. The layoffs are part of a broader strategy to streamline operations and focus on more efficient use of resources. The company has faced challenges in recent months, prompting this drastic measure to ensure its long-term sustainability. The layoffs are expected to impact various departments as Meta navigates through a changing economic landscape.
Meta Platforms, Inc. cut 10,000 jobs as of October 1, 2023.
That is roughly 13.8% 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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