Mark Zuckerberg in internal memo to employees: Not expecting company-wide layoffs this year

Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday (May 20) that he does not expect any further company-wide layoffs for the remainder of the year, news agency Reuters reported, citing an internal memo. The announcement has been made on the same day the Facebook parent company executed a sweeping corporate reorganisation, cutting 10% of its global workforce and reassigning 7,000 other employees to newly-formed artificial intelligence (AI) divisions.

While the job cuts hit multiple departments, Zuckerberg appears to have sought to stabilise internal morale by signaling an end to broad, company-wide staff reductions for the foreseeable future.