finance.yahoo.com

Zuckerberg Sends Shocking Message as Meta Cuts 8,000 Jobs

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig3.45Sen-3.85Env0.00Soc-4.70Gov-2.25

Meta planned a two-wave restructuring to use AI agents to take over much of the work done by thousands of employees, with smaller teams supervising virtual workers. Zuckerberg pulled back hours before the first planned layoffs in May 19, but Meta still carried out about 8,000 cuts (~10% of staff). The shift faltered due to a productivity gap and slower progress on user-facing products.

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