Fidelity MSCI Communication Services Index ETF News - May 20, 2026
Meta Cuts 10% of Staff, Reassigning 7,000 Workers to AI Units
Meta Platforms began a global workforce reduction on May 20, 2026. The company issued termination notices to thousands of employees, affecting approximately...
Meta cuts 8,000 jobs, shifting resources to $145 billion AI expansion
Meta Platforms launched a global restructuring on May 20, 2026. The company is laying off approximately 8,000 employees. This reduction represents 10% of...
Meta Cuts 8,000 Jobs, Pivoting to $100 Billion AI Investment
Meta Platforms initiated a global workforce reduction on May 20, 2026. The company is laying off approximately 8,000 employees. Notifications reached staff...
Meta Slashes 8,000 Jobs, Reassigning 7,000 Staff to AI
Meta Platforms launched a global workforce reduction on May 20, 2026. The company is eliminating approximately 8,000 roles, primarily within engineering and...
Meta Cuts 8,000 Jobs, Funding Massive Pivot Into AI
Meta Platforms began cutting its workforce on May 20. The reduction affects approximately 10% of staff, totaling around 8,000 jobs. An internal memo detailed...
Meta Slashes 10% of Workforce, Reallocating Capital to AI Infrastructure
Meta Platforms began a 10% global workforce reduction on May 20, 2026. The company is reallocating capital from personnel costs toward massive investments in...