Meta Layoffs: Leaked memo reveals almost 4,000 employees will be handed pink slips tomorrow

Meta Platforms, Inc. is laying off nearly 3,000 employees, affecting almost 5 per cent of its workforce tomorrow, February 10, reported the news portal Moneycontrol, citing a memo obtained by Business Insider.

This move comes as the tech company is taking a tougher stance on underperforming employees and preparing its finances for the year’s heavy artificial intelligence investment plans, according to the Business Insider report on Sunday, February 9.