Meta targets May 20 for first wave of layoffs; additional cuts later in 2026

Reuters: The Facebook and Instagram owner will lay off about 10% of its global workforce, or close to 8,000 employees, in that initial round, one of the sources said.

The company is planning further layoffs in the second half of the ​year, the three sources said, although details of those cuts, including date and size, were not yet settled. ​Executives may adjust their plans as they observe developments in artificial intelligence capabilities, the sources added…