Meta layoffs: No more cuts after 7,000 jobs terminated, CEO - BNN Bloomberg
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Article Excerpt
NEW YORK - Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters. He made the announcement on the same day the Facebook owner carried out a far-reaching restructuring of the company, laying off 10 per cent of its workforce globally and transferring 7,000 other employees to new AI-related teams. (Reporting by Katie Paul in New York; Editing by Chizu Nomiyama)
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Jun 3, 2026