Meta has begun laying off roughly 10% of its employees this week, while also eliminating another 6,000 unfilled positions. Simultaneously, thousands of workers are being reassigned to newly formed AI-focused teams. The move follows a strong first quarter, during which the company reported $56.3 billion in revenue and $26.8 billion in net income. Source: Meta.
3mo
Meta has begun laying off roughly 10% of its employees this week, while also eliminating another 6,000 unfilled positions. Simultaneously, thousands of workers are being reassigned to newly formed AI-focused teams. The move follows a strong first quarter, during which the company reported $56.3 billion in revenue and $26.8 billion in net income. Source: Meta.
3mo
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