Meta has reportedly laid off 8,000 employees
Key takeaways
- That's around 10 percent of the company, according to a memo from yesterday seen by multiple outlets.
- The layoffs and transfers will affect around 20 percent of the company's workforce, making it one of the more significant cost-cutting measures in Meta's history.
- The memo from yesterday confirms people's worst fears about how AI will affect employment at large tech companies.
That's around 10 percent of the company, according to a memo from yesterday seen by multiple outlets.
Mattgush/Getty Images CEO Mark Zuckerberg issued an all-hands memo to employees confirming that Meta is laying off around 8,000 employees and transferring another 7,000, according to reports from Sky News and Business Insider. "As previously shared, we have decided to reduce headcount... to allow us to offset the other investments we're making," the memo reportedly states. Meta said it didn't anticipate further "company-wide" layoffs this year.
The layoffs and transfers will affect around 20 percent of the company's workforce, making it one of the more significant cost-cutting measures in Meta's history. The news confirms a previous report about a memo from Meta's HR head Janelle Gale notifying employees that 7,000 of them would be moved to new organizations focused on building new AI tools and apps. It also verifies news from last month when Gale told employees that Meta would be cutting 8,000 jobs as "part of our continued effort to run the company more efficiently." The company previously said that around 6,000 job vacancies would be left unfilled.