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More than 35 companies have laid off employees so far in 2026, continuing the trend of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail.Some, including Block, Coinbase, and Standard Chartered, have cited the impact of artificial intelligence as a key reason for the…
For thousands of Meta employees, it’s now the AI way or the highway.As 8,000 Meta employees were reading their layoff notices on Wednesday, 7,000 others opened a very different email. They had been selected to join a new AI initiative spun up directly by CEO Mark Zuckerberg — and it…
Meta plans to lay off around 10% of its staff next month, and it told staff it’s not ruling out deeper cuts. Loading audio narration… That’s what Janelle Gale, Meta’s chief people officer, told employees in an internal meeting on Thursday, according to three sources on the call.”Will there be…
Meta announced to employees that it is planning on laying off around 10% of the entire company on May 20, according to an email. Loading audio narration… Meta currently employs over 78,000 people worldwide, so the move will affect approximately 7,800 of the company’s staff. The company is also eliminating…
Snap has become the latest tech company to announce sweeping layoffs. Loading audio narration… In a memo to employees released in a regulatory filing on Wednesday, CEO Evan Spiegel said Snap would cut 1,000 employees, about 16% of its global workforce, citing “rapid advancements” in AI and “small squads” using…
