In an internal meeting with employees, the CEO said May layoffs were due to slower sales during the U.S. war in Iran and increased spending on AI infrastructure.
In a few weeks, Meta will lay off 10% of its workforce—around 8,000 employees out of the company’s workforce of 78,000. In a recent Q&A with employees, CEO Mark Zuckerberg (not the AI clone version) shed some light on the reasons behind the downsizing.
