"Meta is contemplating a workforce reduction that could see 16,000 employees laid off, which would represent over 20% of its total workforce of nearly 79,000."
"If the layoffs proceed, it would mark the largest job cut for Meta since the company eliminated more than 21,000 positions during its restructuring in 2022-2023."
"Six executives at Meta have been granted stock options across seven strike-price tranches, with prices ranging from $1,116.08 to $3,727.12 per share, expiring in March 2031."
Meta is considering a significant workforce reduction, potentially laying off 16,000 employees, which represents over 20% of its nearly 79,000 staff. This would be the largest job cut since the company eliminated more than 21,000 positions during its previous restructuring phase. Additionally, six top executives have received stock options with varying strike prices, set to expire in March 2031, indicating ongoing financial strategies amidst potential layoffs.
Read at Benzinga
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