Top News

Meta CEO tells employees he does not expect more company-wide layoffs this year
Reuters | May 21, 2026 12:38 AM CST

Synopsis

​​He made the announcement on ​the same day ​the Facebook owner carried out a far-reaching restructuring of ‌the company, laying off 10% ​of its ​workforce ⁠globally and transferring 7,000 other employees to new ​AI-related teams.

Meta CEO Mark Zuckerberg
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% of its workforce ⁠globally and transferring 7,000 other employees to new AI-related teams.


READ NEXT
Cancel OK