Market Chatter: Meta CEO Says No More Company-Wide Layoffs Expected in 2026

MT Newswires Live05-21

Meta Platforms (META) CEO Mark Zuckerberg told employees the company does not expect further company-wide layoffs this year, Reuters reported Wednesday, citing an internal memo.

Meta on Wednesday cut 10% of its global workforce and reassigned 7,000 employees to AI-related initiatives as part of a broad restructuring, the report said.

Meta did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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