00:00Meta just announced Clans to slash 10% of its entire workforce next month.
00:04Chief People Officer Janelle Gale said in a memo that the layoff which is scheduled for May 20th
00:09is being done to run the company more efficiently and to offset other investments.
00:13It's an unusual move to announce layoffs a month in advance,
00:16and the real fallout may be the month-long limbo before they hit.
00:20Inside the company, workers are bracing for brutal weeks ahead.
00:23On forums like Blind, workers are responding to the news with a mix of questions, concerns,
00:28and dark jokes. One post was titled 28 Days of Hell.
00:31Another asked how are you motivating yourself to work for the next month, with layoffs confirmed.
00:36For some, the company's acknowledgment of layoffs brought some relief.
00:39One worker said that the cuts were being so widely discussed internally
00:42that the announcement brought some ease of uncertainty.
00:45Another worker told Business Insider that the announcement of cuts
00:48added pressure for them to deliver results over the next month.
00:51Meta employs more than 78,000 people worldwide,
00:54so the move will affect approximately 7,800 of them.
00:58While Meta didn't specify which investments it's offsetting with the layoffs,
01:01the tech giant is spending hundreds of billions of dollars on AI,
01:05splashing it on huge data centers and top AI researcher compensation packages.
01:09So the big takeaway? Meta workers are bracing for a month of uncertainty.
01:13Some may spend it business as usual,
01:16and others may cut their losses now and start applying elsewhere.
01:19To read more about what's going on inside Meta, head to Business Insider.
Comments