The Grim Efficiency of Meta's Layoffs The latest round of layoffs at Meta serves as a stark reminder that even in times of unprecedented profit, cutting corners and slashing jobs remains an integral part of Mark Zuckerberg's vision for his social media empire.
On May 20th, the company will reportedly axe approximately 8,000 workers – roughly 10% of its global workforce – as it seeks to offset the costs of investing in artificial intelligence.
The irony is not lost on Meta employees, who are bracing themselves for a significant blow to their livelihoods even as the company reaps the rewards of an unusually lucrative quarter. With $56.