No Result
View All Result
  • Login
Sunday, September 20, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Meta to lay off 100 employees in Israel

by FeeOnlyNews.com
5 months ago
in Business
Reading Time: 2 mins read
A A
0
Meta to lay off 100 employees in Israel
Share on FacebookShare on TwitterShare on LInkedIn



The wave of layoffs announced by Meta (Facebook) will include Israel, and according to sources, an estimated 100 local employees will be laid off, out of the company’s 1,000 employees in the country. This is in line with Meta’s global cutbacks of about 10% of the workforce,

Worldwide, Meta plans to cut about 10% of its workforce, about 8,000 employees, and close about 6,000 open positions, with notice to be sent to those employees around May 20, both to the employees’ corporate and personal emails.

The move is intended, according to the company, to allow it to operate more efficiently and finance huge investments in the field of AI, after in recent years it has significantly accelerated investments in infrastructure, data centers and hiring researchers.

Meanwhile, Meta CEO Mark Zuckerberg is leading a reorganization aimed at reducing management layers, reducing internal bureaucracy and integrating AI tools more broadly into daily operations. The company notes that part of the move also includes canceling open positions that have not yet been filled, as part of efforts to curb the pace of hiring and direct resources to activities with a higher strategic priority.

Along with the layoffs, initial details of the compensation package have also revealed in the US, based on internal memos and not a full official publication. According to those reports, employees will receive 16 weeks of base salary and an additional two weeks for each year of seniority, along with a support package that includes placement services, assistance with immigration issues, and long-term health insurance coverage.

It now appears that a similar package is also being formulated in Israel, and according to sources, the compensation package for local employees is expected to be similar and may even be identical to the US one, subject to the adjustments required by local law.

The AI effect

The cuts come due to a profound change in the company’s structure and the way it operates teams, in part due to rapid progress in AI capabilities, which allow tasks that previously required large teams to be performed by a limited number of employees.

In recent years, Meta’s management has stressed plans to reduce management layers and increase efficiency, including through automation. of internal processes and the integration of AI tools in the work of developers and managers.

The company also continues to invest unprecedented amounts in the development of computing infrastructure, chips and data centers, as well as in hiring leading researchers in the field, as part of the struggle with international players to lead the AI field.

Published by Globes, Israel business news – en.globes.co.il – on April 26, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: employeesIsraellayMeta
ShareTweetShare
Previous Post

Best money market account rates today, April 26, 2026 (best account provides 4.01% APY)

Next Post

The Sunday Morning Movie Presents: White Sun Of the Desert (1970) Run Time: 1H 23M Plus Naive Atheism Refuted!

Related Posts

Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

by FeeOnlyNews.com
August 8, 2026
0

Quick Read AMD's Data Center revenue jumped 57% YoY, driving a base-case projection of $7,657 from a $5,000 investment by...

Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

by FeeOnlyNews.com
August 8, 2026
0

Every wave of technological change seems to arrive with a familiar prediction: This time, jobs are going away for good....

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

by FeeOnlyNews.com
August 8, 2026
0

Asia's oldest exchange, BSE, traded far fewer derivatives contracts in the first week following the implementation of the Closing Auction...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by FeeOnlyNews.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

by FeeOnlyNews.com
August 7, 2026
0

Earnings Call Insights: Vaxart, Inc. (VXRT) Q2 2026 Management View "The second quarter and recent weeks marked a pivotal period...

Nutex outlines 3 hospital openings in H2 2026 while maintaining 3 to 5 openings per year (NASDAQ:NUTX)

Nutex outlines 3 hospital openings in H2 2026 while maintaining 3 to 5 openings per year (NASDAQ:NUTX)

by FeeOnlyNews.com
August 7, 2026
0

Earnings Call Insights: Nutex Health (NUTX) Q2 2026 Management View "It was an active quarter, marked by strong financial results,...

Next Post
The Sunday Morning Movie Presents: White Sun Of the Desert (1970) Run Time: 1H 23M Plus Naive Atheism Refuted!

The Sunday Morning Movie Presents: White Sun Of the Desert (1970) Run Time: 1H 23M Plus Naive Atheism Refuted!

Survival Over Hype: The hidden trait that builds long-term wealth

Survival Over Hype: The hidden trait that builds long-term wealth

  • Trending
  • Comments
  • Latest
Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

August 7, 2026
MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

July 3, 2026
Delek Logistics Partners Reports alt=

Delek Logistics Partners Reports $0.54 EPS for Q2 FY26

August 5, 2026
Onkure Therapeutics Releases Q2 2026 Financial Results

Onkure Therapeutics Releases Q2 2026 Financial Results

August 4, 2026
Thryv outlines M run-rate savings while revising 2026 SaaS adjusted EBITDA to M-M (NASDAQ:THRY)

Thryv outlines $60M run-rate savings while revising 2026 SaaS adjusted EBITDA to $42M-$44M (NASDAQ:THRY)

August 4, 2026
My Thoughts on Going All In

My Thoughts on Going All In

August 4, 2026
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

0
Cities holding up to 3 million people found under Amazon rain forest

Cities holding up to 3 million people found under Amazon rain forest

0
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

0
Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

0
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

0
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

August 8, 2026
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

August 8, 2026
Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

August 8, 2026
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

August 8, 2026
Democrats’ Affordability Message Misses a Key Expense—Student Debt

Democrats’ Affordability Message Misses a Key Expense—Student Debt

August 8, 2026
Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

August 8, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031
  • Republican Party Displacement | Mises Institute
  • Vanguard Chief Economist: AI and jobs, still in an ATM phase
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.