Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On
The Moral Of Anthropic’s Fable: Model Access Is Power

The Moral Of Anthropic’s Fable: Model Access Is Power

June 13, 2026
Showers And High Heat Expected For Freedom 250

Showers And High Heat Expected For Freedom 250

June 13, 2026
Anthropic Pulls Fable, Mythos After Government Issues Emergency Export Control Order

Anthropic Pulls Fable, Mythos After Government Issues Emergency Export Control Order

June 13, 2026
When Is ‘Disclosure Day’ Coming To Streaming?

When Is ‘Disclosure Day’ Coming To Streaming?

June 13, 2026
Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

June 13, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Meta employees told to work remotely Wednesday as company prepares to slash 10% of workforce: report

Meta employees told to work remotely Wednesday as company prepares to slash 10% of workforce: report

By News RoomMay 18, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Meta employees told to work remotely Wednesday as company prepares to slash 10% of workforce: report
Share
Facebook Twitter LinkedIn Pinterest Email

Mark Zuckerberg’s Meta has reportedly told its North American employees to work from home Wednesday – when it will lay off 10% of its global workforce as part of a major restructuring.

The companywide bloodbath will take place in three waves, with impacted workers learning their fate by email at 4 a.m. local time in their region, according to an internal document obtained by Reuters.

Meta’s human resources chief Janelle Gale said in the document that executives “will announce org changes” alongside the layoffs. About 7,000 employees are expected to shift to new roles at the Facebook and Instagram parent.

Mark Zuckerberg has heavily increased spending on AI.

“As org leaders worked on the changes, many of them incorporated AI native ​design principles into ​their new ⁠org structures,” Gale was quoted as saying by Reuters. “We’re now at the stage where many orgs can operate with ​a flatter structure with smaller teams of ​pods/cohorts ⁠that can move faster and with more ownership.

“We believe this will make us more productive and make ⁠the ​work more rewarding,” she added.

The company is slashing managerial roles as part of the reorganization as it relies more heavily on artificial intelligence tools to get work done.

Ahead of the layoffs, one employee told the San Francisco Standard that the worker’s office has been in “chaos” as employees fear they’ll be axed.

“I am generally dissatisfied with leadership and angry,” the unnamed employee told the publication. “This is as anxious and stressed as I have ever been at a job.”

Meta is laying off 10% of its workforce.

Meta had nearly 79,000 employees at the start of the year – meaning that the upcoming round of layoffs will rank among the largest in the social media giant’s history.

The company previously said that laid-off workers would receive severance packages including at least 16 weeks of base pay, plus another two weeks for each additional year of employment at the company. They’ll also get healthcare and career support benefits.

In a memo last month, Gale said the cuts were part of an effort to “run the company more efficiently” as the company spends heavily on AI development.

Meta has said its capital expenditures will reach as high as $145 billion in this year alone, driven in part by its buildout of new AI data centers and higher memory prices.

Meta employees will learn whether they are laid off in three waves on Wednesday.

Meta did not immediately return a request for comment.

The company is expected to conduct more layoffs in the second half of the year, though the exact timing and scope of those cuts has yet to be decided.

Zuckerberg has sought to “flatten” Meta’s management ranks in recent years. He slashed more than 20,000 jobs in 2022 and 2023 as part of what was infamously dubbed a “year of efficiency” at the company.

The layoffs come amid ongoing layoffs blamed on AI, especially in the tech sector.

The first three months of 2026 saw 52,050 tech layoffs — a 40% jump from the same period last year, according to executive coaching firm Challenger, Gray & Christmas.

In March, AI led the list of causes employers listed for tech layoffs — accounting for 15,341 of the firings, or 25% of the total. A month earlier, the figure was 10%.

Business Facebook Instagram layoffs mark zuckerberg Meta Tech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

June 13, 2026
Restaurant owners in World Cup cities take matters into their own hands’ over fears customers won’t tip

Restaurant owners in World Cup cities take matters into their own hands’ over fears customers won’t tip

June 13, 2026
California labor boss’s shocking three-word tweet aimed at Elon Musk resurfaces

California labor boss’s shocking three-word tweet aimed at Elon Musk resurfaces

June 13, 2026
How Quantum Computing Is Reshaping Our Future

How Quantum Computing Is Reshaping Our Future

June 13, 2026
Beware the ticking time bomb hiding in your 401(k)

Beware the ticking time bomb hiding in your 401(k)

June 13, 2026
SpaceX’s massive bets on Starlink, AI fuel excitement and anxiety across Wall Street

SpaceX’s massive bets on Starlink, AI fuel excitement and anxiety across Wall Street

June 13, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Showers And High Heat Expected For Freedom 250

Showers And High Heat Expected For Freedom 250

News June 13, 2026

ToplineUFC Freedom 250 at the White House on Sunday is shaping up to experience high…

Anthropic Pulls Fable, Mythos After Government Issues Emergency Export Control Order

Anthropic Pulls Fable, Mythos After Government Issues Emergency Export Control Order

June 13, 2026
When Is ‘Disclosure Day’ Coming To Streaming?

When Is ‘Disclosure Day’ Coming To Streaming?

June 13, 2026
Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype

June 13, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
Peptide Fad Gripping America Reflects Outsize Role Of Influencers

Peptide Fad Gripping America Reflects Outsize Role Of Influencers

June 13, 2026
How Good Is The USMNT? And How Bad Is Paraguay?

How Good Is The USMNT? And How Bad Is Paraguay?

June 13, 2026
Restaurant owners in World Cup cities take matters into their own hands’ over fears customers won’t tip

Restaurant owners in World Cup cities take matters into their own hands’ over fears customers won’t tip

June 13, 2026
Google Photos Prepares Massive ‘Video Remix’ AI Upgrade

Google Photos Prepares Massive ‘Video Remix’ AI Upgrade

June 13, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.