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Meta Platforms targets May 20 for its layoff of 8,000 employees due to AI efficiency gains, Reuters reported citing company sources
- Meta Plans to lay off 8,000 employees (around 10% of its global workforce) on May 20, Reuters reported citing three sources familiar with the matter.
- Meta also plans another layoff in the second half of the year but its magnitude is not yet settled.
- Last month, Reuters reported that Meta was planning to layoff 20% of its employees but Meta’s spokesperson had termed the report as “speculative reporting about theoretical approaches”.