> Meta announced the cuts in a memo from chief AI officer Alexandr Wang, Axios reported. It parroted a go-to layoff reasoning from CEO Mark Zuckerberg — that smaller teams are better for the company. “By reducing the size of our team, fewer conversations will be required to make a decision, and each person will be more load-bearing and have more scope and impact,” Wang reportedly wrote in the note.
> Employees learned before 7 a.m. on Wednesday whether they’d lose their jobs, Axios reported. According to CNBC, some laid-off staffers were told they’re in a “non-working notice period” until Nov. 21 and that they could use the time to look for another role at Meta. Should they leave, they’ll be able to accept severance packages that provide at least 16 weeks of pay, CNBC reported.
> Employees learned before 7 a.m. on Wednesday whether they’d lose their jobs, Axios reported. According to CNBC, some laid-off staffers were told they’re in a “non-working notice period” until Nov. 21 and that they could use the time to look for another role at Meta. Should they leave, they’ll be able to accept severance packages that provide at least 16 weeks of pay, CNBC reported.