NEW YORK, May 20 (Reuters) - Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
He made the announcement on the same day the Facebook owner carried out a far-reaching restructuring of the company, laying off 10% of its workforce globally and transferring 7,000 other employees to new AI-related teams.
(Reporting by Katie Paul in New York; Editing by Chizu Nomiyama)
Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows:
- operation of social networking, messaging, photo and video sharing platforms (98.9%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.58 billion daily active users in 2025);
- sale of virtual and augmented reality products, software and devices (1.1%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc.
Net sales break down by source of income into advertising spaces (98.7%) and other (1.3%).
Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia/Pacific (26.8%), Europe (23.2%) and other (10.8%).
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