Meta Employees Are Scrambling to Use Up Benefits Ahead of Layoffs - WIRED

Meta is planning to lay off approximately 10% of its workforce, which amounts to about 8,000 employees from its nearly 80,000-strong staff. According to a report from WIRED, some employees are rushing to use up their remaining benefits before the layoffs take effect. Specifically, workers are cashing in perks such as headphone stipends, which would otherwise be lost upon termination.

The current round is expected to affect various departments, though the exact timeline has not been disclosed.

Employees are reportedly using their benefits before the cuts become official, with some redeeming headphone allowances and other perks. The report highlights the tension between corporate cost-cutting measures and employee morale, as Meta continues to invest heavily in AI and metaverse initiatives while reducing its workforce. The outcome of these layoffs remains to be seen as the company navigates its strategic shift.