Menlo Park, California-based Meta, the iconic technology company that owns and operates several name-brand social media platforms and communication services, has allegedly floated a trial balloon suggesting that it intends to lay off over 20% of its workforce to ostensibly balance its big artificial intelligence spending plans this year.
Approximately 16,000 employees would be affected by a reduction-in-force of this magnitude.
Layoffs of this scale are not unknown, considering late 2022, when CEO Mark Zuckerberg announced Meta was cutting 11,000 jobs and paring back hiring as part of an expansive cost-trimming strategy, and the following year, the company laid off another 10,000 employees.
When confronted with the rumor, a company spokesperson replied, “This is a speculative report about theoretical approaches.”
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?