Meta says it will lay off 10% of its workforce

Meta, the parent company of Facebook, is implementing significant workforce reductions. The company plans to lay off around 8,000 employees and has also eliminated an additional 6,000 open positions. These measures are part of a broader strategy by Meta to decrease its operational expenses.

This move signals a major restructuring within one of the world's largest technology companies, reflecting broader economic pressures and shifts in the tech industry.