Meta Lays Off 8,000 More Employees, Zuckerberg Focused on 'Delivering Personal Superintelligence'
Meta has announced another round of layoffs, impacting approximately 8,000 employees, which is about 10% of its workforce. CEO Mark Zuckerberg expressed optimism about the company's future projects, including advancements in personal superintelligence. The layoffs come as Meta continues to focus on efficiency and investments in AI, with assurances that no further company-wide layoffs are expected this year.
- ▪Meta is laying off around 8,000 employees, or about 10% of its workforce.
- ▪Affected employees will receive 16 weeks of severance plus two weeks for each year worked at the company.
- ▪CEO Mark Zuckerberg stated that the company is focused on delivering personal superintelligence and improving efficiency.
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UPDATE (5/21): Meta initiated a fresh round of layoffs on Wednesday. Around 8,000 employees, or about 10% of the company, are impacted.Multiple employees have posted about the job cuts on social media, while Business Insider obtained a letter Meta shared with its laid-off employees. Those who were let go will get 16 weeks of severance plus two weeks for every year they worked at Meta, minus a notice period. They'll also receive 18 months of COBRA health insurance for themselves and their families.In a memo to staff, CEO Mark Zuckerberg said he is "optimistic about everything we're building to give billions of people the power to express themselves and connect with the people they care about.
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