US-based tech giant Meta is set to begin laying off 10 per cent of its global workforce from Wednesday, May 20. Meta, while announcing the layoffs, also highlighted that the move aims to bolster its artificial intelligence initiatives as part of a sweeping reorganisation aimed at streamlining operations, as per multiple reports. 

According to Meta, the company seeks to eliminate some managerial roles and reorganise teams to create “AI‑native” structures with smaller teams intended to speed up decision‑making, according to multiple reports.