India, April 18 -- Meta is planning to roll out the first phase of major layoffs on May 20, with additional cuts expected later in the year.

The Facebook and Instagram parent is set to cut around 10% of its global workforce - roughly 8,000 employees - in the initial round, Reuters quoted sources as saying.

Further layoffs are being considered for the second half of the year, though specifics such as timing and scale remain undecided. Executives may tweak these plans depending on how artificial intelligence capabilities evolve, the report stated.

CEO Mark Zuckerberg is investing heavily in AI, committing hundreds of billions of dollars as part of a broader effort to reshape the company around the technology - a trend seen across major U...