Meta to Cut 10 Percent of Staff in AI Restructuring
Meta will lay off 10 percent of its workforce on Wednesday to focus on AI. The company plans to move 7,000 staff to new roles and eliminate managerial layers.
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Meta Platforms Inc-Class A will cut 10% of its global workforce on May 20 to prioritize artificial intelligence workflows. The restructuring involves moving 7,000 employees to AI-focused initiatives while eliminating various managerial layers. The move marks a shift toward a flatter organizational structure to accelerate product development.
