Meta layoffs: All about the severance package offered to laid-off employees
India, May 20 -- Thousands of employees at Meta woke up to uncertainty on Wednesday as the social media giant rolled out another major round of layoffs affecting nearly 8,000 workers globally. The company, which owns Facebook and WhatsApp, said the job cuts are part of a broader restructuring effort focused on improving efficiency, reducing costs and accelerating investments in artificial intelligence (AI).
According to a report by Business Insider, layoff notifications were sent in three waves at 4 am local time across different regions. Employees in Singapore were among the first to receive notices, while staff across Europe and the US were also informed in their respective time zones, according to a separate report by Bloomberg.
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