The Facebook and Instagram owner will lay off about 10 percent of its global workforce, or close to 8,000 employees, in that initial round.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.Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later,Meta’s layoffs this year will be the social media giant’s most ​significant since a restructuring in late 2022 and early 2023 that it dubbed the “year of efficiency,” when it eliminated about 21,000 jobs. What is the future of employment globally ?

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