No Result
View All Result
  • Login
Wednesday, April 29, 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
3 days 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

UAE’s exit could reshape OPEC+ oil supply dynamics: Peter Cardillo

UAE’s exit could reshape OPEC+ oil supply dynamics: Peter Cardillo

by FeeOnlyNews.com
April 29, 2026
0

The reported exit of the UAE from the OPEC+ alliance has triggered fresh speculation over the long-term cohesion of the...

Meta is paying top executives to hit a .5 trillion valuation—and no one’s ever done it before

Meta is paying top executives to hit a $9.5 trillion valuation—and no one’s ever done it before

by FeeOnlyNews.com
April 28, 2026
0

Meta Platforms is set to report first quarter of 2026 earnings on Wednesday, and investors will have a gimlet eye...

Global Market Today: Asian stocks drop at open, Brent snaps advances

Global Market Today: Asian stocks drop at open, Brent snaps advances

by FeeOnlyNews.com
April 28, 2026
0

Asian stocks opened lower after a tech-led selloff hit Wall Street as concerns mounted over returns from the billions spent...

Elon Musk testifies Google co-founder sided with the robots: ‘Larry Page called me a speciesist’

Elon Musk testifies Google co-founder sided with the robots: ‘Larry Page called me a speciesist’

by FeeOnlyNews.com
April 28, 2026
0

Elon Musk had a colorful first day of testimony in his lawsuit against OpenAI. Taking the stand Tuesday afternoon in...

US stocks today: Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

US stocks today: Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

by FeeOnlyNews.com
April 28, 2026
0

U.S. stocks closed lower on Tuesday, backing away from record closing highs as renewed concerns over the artificial intelligence boom...

Former Fauci advisor indicted for hiding communications related to COVID research

Former Fauci advisor indicted for hiding communications related to COVID research

by FeeOnlyNews.com
April 28, 2026
0

A former senior adviser to Dr. Anthony Fauci was indicted on federal charges alleging he conspired to hide his communications...

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
Wells Fargo Transfer Partners: What to Know

Wells Fargo Transfer Partners: What to Know

April 16, 2026
The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 – AlleyWatch

April 21, 2026
The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

April 17, 2026
LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

April 16, 2026
Royal Caribbean, Bank of America Launching New Credit Cards

Royal Caribbean, Bank of America Launching New Credit Cards

March 31, 2026
With UK Politics in Flux, Corbyn’s Your Party May Surprise You Yet

With UK Politics in Flux, Corbyn’s Your Party May Surprise You Yet

December 6, 2025
Nvidia leases space for labs in Rishon Lezion

Nvidia leases space for labs in Rishon Lezion

0
The Problem with Eternal Vigilance

The Problem with Eternal Vigilance

0
Check Your Pantry: Ghirardelli Recalls Drink Mixes

Check Your Pantry: Ghirardelli Recalls Drink Mixes

0
Jim Cramer Says Oil Companies Like Chevron and Exxon “Have Classic Long-Term Approaches”

Jim Cramer Says Oil Companies Like Chevron and Exxon “Have Classic Long-Term Approaches”

0
Best cash-alternative ETFs for Canadian investors 2026

Best cash-alternative ETFs for Canadian investors 2026

0
Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

0
Best cash-alternative ETFs for Canadian investors 2026

Best cash-alternative ETFs for Canadian investors 2026

April 29, 2026
UAE’s exit could reshape OPEC+ oil supply dynamics: Peter Cardillo

UAE’s exit could reshape OPEC+ oil supply dynamics: Peter Cardillo

April 29, 2026
Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

April 29, 2026
Stand With Crypto Calls for Urgent Senate Action on CLARITY Act

Stand With Crypto Calls for Urgent Senate Action on CLARITY Act

April 28, 2026
Meta is paying top executives to hit a .5 trillion valuation—and no one’s ever done it before

Meta is paying top executives to hit a $9.5 trillion valuation—and no one’s ever done it before

April 28, 2026
Check Your Pantry: Ghirardelli Recalls Drink Mixes

Check Your Pantry: Ghirardelli Recalls Drink Mixes

April 28, 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

  • Best cash-alternative ETFs for Canadian investors 2026
  • UAE’s exit could reshape OPEC+ oil supply dynamics: Peter Cardillo
  • Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?
  • 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.