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The Economic Times
The Economic Times
Technology

Meta CEO tells employees he does not expect more company-wide layoffs this year

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 massive restructuring of the company, laying off 10% of its workforce globally and transferring 7,000 other employees to new initiatives related to AI workflows.

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