Meta is laying off 10% of its entire staff next month. Read the full memo it just sent.

"Meta is planning to lay off around 10% of its workforce, which translates to approximately 7,800 employees, as part of a strategy to run the company more efficiently. This decision comes alongside the closure of about 6,000 open roles, indicating a significant restructuring within the organization."

"Affected employees will receive a severance package that includes 16 weeks' base pay plus an additional 2 weeks for every year of employment. Furthermore, their COBRA health coverage will be provided for 18 months, ensuring some level of support during the transition."

"The memo from chief people officer Janella Gale emphasizes that these layoffs are necessary to offset other unspecified investments the company is making, particularly in AI and data centers, which have required substantial financial resources."

Meta is set to lay off around 10% of its workforce, impacting approximately 7,800 employees, as part of efforts to run the company more efficiently. The layoffs will occur on May 20, alongside the elimination of about 6,000 internal roles. Employees affected will receive generous severance packages, including 16 weeks' base pay and health coverage for 18 months. The company has been investing heavily in AI and data centers, which has prompted these layoffs to offset costs.

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