Meta announces restructuring plan to cut 20% of workforce and reassign 7,000 employees to AI strategy

Odaily Odaily reported that Meta plans to initiate a major restructuring on May 20, aiming to reduce approximately 20% of its global workforce while reassigning around 7,000 employees to artificial intelligence (AI) projects. This adjustment is part of Meta’s ongoing push for its AI strategy, intended to further concentrate resources on developing AI business. (Cointelegraph)