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Headquartered in Menlo Park, California, Meta Platforms (META) is the world’s leading social technology company, managing a family of apps that connects more than 3.5 billion monthly active users. Founded in 2004 as Facebook, the company has evolved into a diversified digital conglomerate encompassing Facebook, Instagram, WhatsApp, Messenger, and Threads. Under its Reality Labs and Superintelligence divisions, Meta is also a primary architect of the metaverse and a dominant force in generative AI.
CEO Mark Zuckerberg recently confirmed that the company will be conducting layoffs this month, cutting the workforce by 10% starting on May 20, with more job cuts expected later this year. Let's take a closer look.