Meta to cut 10% of jobs, or 8,000 employees, report says
Summary
Meta plans to cut 10% of its workforce (about 8,000 employees) and will not hire for 6,000 open roles, with cuts starting May 20. The move is pitched as a step to run the company more efficiently while continuing to invest in AI initiatives like Muse Spark, following heavy expenditures on metaverse projects that largely underperformed. The article situates Meta's layoff as part of a broader tech industry shift toward efficiency and automation investments.