Meta CEO tells employees he does not expect more company-wide layoffs this year, internal memo says: Reuters exclusive

Visitors gather at a sign outside Meta headquarters in Menlo Park, Calif. (AP Photo/Noah Berger)

NEW YORK - 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 per cent 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)