Meta Plans Mass Layoffs: Up to 16,000 Jobs at Stake
According to a Reuters report, the Facebook-owned company Meta is considering massive job cuts that could affect up to 20 percent or more of its entire workforce. With recently nearly 79,000 employees, this would mean the elimination of around 15,000 to 16,000 jobs. The background is Meta’s multi-billion-dollar bet on artificial intelligence, which is putting the company under enormous cost pressure. What is known so far Three sources familiar with the matter told Reuters that leadership has
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