Meta is downsizing by about 10 percent

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Massive Workforce Reduction: Meta plans to reduce its workforce by 10 percent, affecting about 8,000 employees, and eliminating about 6,000 open job positions.
Internal Memo Details: Janelle Gale, Meta’s head of human resources, communicated these changes in an internal memo, noting they are part of ongoing efforts to run the company more efficiently, particularly to support other strategic investments.
Investment Focus: These strategic investments are likely centered around artificial intelligence, given Meta’s developments in AI-powered models and smart glasses.
Ongoing Contraction: This current round of layoffs is possibly just one phase of broader downsizing plans, with earlier reports suggesting a potential reduction of up to 20 percent of the workforce.
Previous Layoffs and Departmental Cuts: Meta has already laid off hundreds of employees, mainly within the Reality Labs division, and has also scaled back its metaverse operations with the closure of three VR studios.