On May 20th, Beijing time, Meta embarked on a fresh wave of extensive layoffs, with plans to slash nearly 8,000 jobs, representing around 10% of its global workforce. Affected employees will receive layoff notices via email at 4 a.m. local time. In the lead-up to the layoffs, employees made a beeline for utilizing their benefits, such as an annual flexible benefits allowance of $2,000 and a subsidy of $200 for audio equipment every three years. On the eve of the initial round of layoffs, employees also loaded up on free snacks, stuffing them into their bags. This week, the office was largely a ghost town as employees were preoccupied with refining their resumes and offering each other emotional support. Since 2022, Meta has carried out three rounds of large-scale layoffs. Although this round is relatively modest in scale, it unfolds against a backdrop of societal concerns about the impact of AI on employment. Meta CEO Mark Zuckerberg remarked that the company needs to free up funds to invest in AI data centers, and that AI can enhance human capabilities, allowing the company to function efficiently with a leaner workforce.
