Business: Meta is implementing extensive layoffs, resulting in thousands of job cuts and providing severance packages to affected employees.
🚨 Big news from Meta! The company has started laying off about 10% of its workforce—around 8,000 positions—across three waves. Aiming for a flatter structure, Meta will also shift over 7,000 employees to AI projects. US employees will receive generous severance packages, including 16 weeks of pay and extended healthcare. More changes on the horizon? Stay tuned! #Meta #Layoffs #AI
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