Exclusive-Meta CEO tells employees he does not expect more company-wide layoffs this year, internal memo says


By Katie Paul

NEW YORK, May 20 (Reuters) – ‌Meta CEO Mark ‌Zuckerberg told employees in ​an internal memo on Wednesday that he does not expect ‌more company-wide ⁠layoffs this year, according to ⁠a copy of the memo seen ​by Reuters.

He ​made ​the announcement ‌on the same day the Facebook owner carried out a far-reaching restructuring of the ‌company, laying ​off 10% ​of ​its workforce ‌globally and transferring ​7,000 ​other employees to new AI-related teams.

(Reporting by ​Katie ‌Paul in New ​York; Editing by ​Chizu Nomiyama)



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