Meta (META) to layoff 10% of global workforce on May 20th in three batches globally, and tells employees 'many leaders will announce org changes'; to move 7k people to new initiatives related to AI workflows and eliminate managerial roles

Meta's decision to lay off 10% of its workforce, particularly in managerial roles, signals a strategic shift toward prioritizing AI initiatives.

Newsquawk StaffPublished 18 May 2026, 17:05 UTCOn the live feed at 16:45 UTC — 3 more headlines followed before this page went public

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17:03

Dell (DELL) announces broad set of advancements to Dell Ai factory with Nvidia (NVDA)

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US President Trump told The Post on Monday he is “not open” to any concessions for Tehran after receiving the latest disappointing Iranian response on peace deal talks.

16:45

Meta (META) to layoff 10% of global workforce on May 20th in three batches globally, and tells employees 'many leaders will announce org changes'; to move 7k people to new initiatives related to AI workflows and eliminate managerial roles

16:44

Newsquawk Central Banks - Preview: FOMC Minutes due Wednesday, 20th May at 19:00BST/14:00EDT

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UK reportedly preparing a multi billion-pound injection of cash into the development of a stealth fighter jet with Japan and Italy, via FT

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Context

This move could imply a more streamlined operation as they pivot resources towards growth areas in technology, potentially affecting investor sentiment and sector dynamics in the interactive media space, as well as setting a precedent for other firms recalibrating their workforce.

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