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Meta CEO Mark Zuckerberg told employees there will be no more company-wide layoffs this year after the company cut nearly 10% of its workforce during a major restructuring. Meta plans to shift 7,000 employees into AI-focused roles as it increases investments in artificial intelligence amid an industry-wide tech shake-up.

San Francisco: Meta CEO Mark Zuckerberg has informed the company's employees that there won't be any more widespread layoffs this year, reported Reuters.

He informed the staff on the same day when the social media giant carried out massive restructuring letting go of around 10% of its staff.

"I want to be clear that we do not expect other company-wide layoffs this year. I also want to acknowledge that we haven't been as clear as we aspire to be in our communication, and that's one area I want to make sure we improve," Reuters quoted from the internal memo.

As part of the restructuring, Meta will move around 7,000 employees into new AI roles. Zuckerberg told the employees that success in the AI age isn't a given and that it is a pivotal moment that will define the next generation.