economy
April 24, 2026
Meta is laying off 10% of its entire staff next month. Read the full memo it just sent to employees.
Meta told employees it plans to lay off 10% of staff in May, citing efficiency and rising costs. Staff will get severance and extended benefits.
TL;DR
- Meta plans to lay off 10% of its staff in May.
- The company cites efficiency and rising costs as reasons for the layoffs.
- Employees will receive severance and extended benefits.
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