Meta Platforms, Inc. (META) is reportedly carrying out another major round of layoffs, with up to about 8,000 positions expected to be cut across several regions, including the United States, Europe and Singapore.
Employees in Singapore reportedly received notification emails around 4 a.m. local time on Wednesday, while affected workers in the U.S. and Europe were expected to be informed early in their respective time zones, according to an internal memo reviewed by Reuters.
The restructuring forms part of CEO Mark Zuckerberg's broader effort to reshape the company around artificial intelligence. As Meta streamlines operations and reduces costs by trimming certain business units, the company is continuing to increase investment and hiring in AI-related teams and infrastructure.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.