Zuckerberg says 'success isn't a given' in memo to employees amid Meta layoffs

CNBC
2026.05.20 17:43
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Meta has initiated layoffs affecting about 10% of its workforce, approximately 8,000 jobs, as CEO Mark Zuckerberg emphasized the necessity of these cuts in a memo to employees, stating that 'success isn't a given' in the competitive AI landscape. While some departments face cuts, around 7,000 employees will transition to AI-focused roles. Zuckerberg expressed gratitude to departing employees and acknowledged the need for clearer communication within the company.