00:00We knew that this was coming, this had been flagged, Bloomberg has reported on it, but this is the day
00:04when it happens.
00:05So obviously on a kind of personal level, very significant for those employees affected at Meta.
00:11And coming just today, and we discussed this yesterday after Meta was looking to shift roles, about 7,000 roles
00:17and 7,000 workers into additional and different roles.
00:21Now they are starting to implement those previously flagged 8,000 job cuts.
00:25As you say, starting in Singapore, and those memos will be dropping into the inboxes of other employees throughout the
00:31world of Meta today.
00:33And they started, as you say, in Singapore, 8,000 jobs.
00:35That's about 10%, almost 10% of Meta's overall workforce.
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