Meta lays off nearly 8,000 employees worldwide amid AI push
Meta, the company behind Facebook and WhatsApp, is laying off nearly 8,000 employees worldwide as part of a big restructuring move.
The layoffs happened in three waves across different time zones on May 20.
Meta says this is all about streamlining operations and doubling down on artificial intelligence.
Meta offers US severance and healthcare
Some of the cuts hit engineering and product teams.
US staff will get 16 weeks' pay plus two extra weeks for every year they've worked, along with 18 months of health care for themselves and their families.
Outside the US severance will follow local laws, but should be similar.
Meta's HR chief Janelle Gale shared that the company wants fewer managers and more agile teams, so expect even a flatter structure with smaller teams of pods/cohorts that can move faster and with more ownership.
More layoffs could happen later this year as Meta keeps pushing into AI.