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Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers

Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers The FaceBook currently known as Meta for one failed venture that incinerated nearly $100 billion in cash for its failed transformation to a virtual reality hub while laying off thousands, is at it again. As we previewed a few weeks ago, Meta - which inexplicably hasn't changed its name to AIbook yet - will proceed with the first wave of mass layoffs planned for this year on May 20, with more ‌coming later, Reuters...
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Jun 16, 2026 / Tyler Durden
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Apr 17, 2026 / Tyler Durden
Microsoft Triples-Down On Data Centers, As Half Of Planned Projects Face Cancelations, Delays
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Jun 10, 2026 / Tyler Durden
Trump 'May Keep Going' With Strikes As Iran Took 'Too Long' To Negotiate Deal, Must 'Pay The Price'
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