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Meta Platforms plans to lay off about 8,000 employees, or roughly 10% of its workforce, on May 20.
The company said that the layoffs are aimed at improving efficiency and compensating for losses in areas such as artificial intelligence. These layoffs add to a broader trend of job cuts driven by the technology industry.
Job cuts will reach 10% of the workforce in 2026
Chief Human Resources Officer Janiel Jill explained this move in a memo on Thursday. Stop dying too It plans to employ 6,000 job vacancy
Jill said remember her We do this as part of our ongoing efforts to run the company more efficiently and to allow for the other investments we are making.
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These will be the biggest cuts until 2023. The company laid off 11,000 jobs in February 2023, followed by another 10,000 jobs several months later. About 2,000 more jobs were cut in two previous rounds this year.
according to three sources Reuters pointed to itit will be ready for the round of other haircuts in the second half of the year, although the timing is They are not trusted anymore. The sources said that the executives may adjust their plans based on the duration of the artificial balloon.
Microsoft offers voluntary retirement to 7% of the American workforce
Microsoft also revealed Voluntary purchase offers for about 7% of its employees in the United States. This program is the first of its kind in the company’s history, which spans 51 years.
This was stated in the memo on Thursday, as the one-time retirement offer is available to employees at the first manager level or below who reach the total of their ages and length of service in the company to 70 or more. Eligible candidates and their managers are expected to be notified of the details on May 7.
The technology sector is witnessing a wave of restructuring. Earlier this month, the company Oracle About 30,000 employee, while Amazon blocked, promise of digital trading companies بتقليس تنزل على
He observes that even the governments acceleration to application Agents of artificial intelligence in public services. The Emirates has issued a directive to transfer half of the federal government’s sectors and their services and operations to the UAE artificial proxy within two years.