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The Economic Times
The Economic Times
Business

Meta lays out details of May 20 restructuring in internal document

Meta detailed its layoff plans for this week in a memo shared with employees on Monday, saying cuts to its workforce globally would be accompanied by a fresh round of organizational changes aimed at improving the company's AI workflows.

The Facebook owner is planning to lay off 10% of its employees on Wednesday, with additional deep cuts slated to come later this year, Reuters reported previously.

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