Tech and AIMeta Employees Are Scrambling to Use Up Benefits Ahead...

Meta Employees Are Scrambling to Use Up Benefits Ahead of Layoffs

-


Ahead of Meta’s latest round of mass layoffs tomorrow, some employees are deserting offices, abandoning their work, and loading up on perks they might soon lose, several people at the company tell WIRED.

Two employees describe a widespread rush to use up an annual $2,000 flexible benefit, which can cover a variety of expenses including health and wellness activities. A separate triennial credit of $200 toward the purchase of audio gear has led to a scramble to purchase Apple AirPods and other headphones. Another source says Meta offices have been largely empty this week, as people prioritize polishing their résumés and gather offsite to commiserate with friends for what may be their final time as colleagues. Employees are variously “paralyzed,” “coasting,” and “panicked,” sources say.

Meta plans to lay off about 10 percent of its nearly 80,000 employees on Wednesday, with notices going out to affected workers’ personal and corporate email addresses at 4 am in their local time zone, according to a company-wide memo sent on Monday. The cuts are coming at a time when the social media giant behind Instagram, WhatsApp, and Facebook is enjoying record-high profits.

But CEO Mark Zuckerberg insists that the company must free up cash to invest in AI data centers, and that Meta can perform just as well with fewer employees because of AI technologies that augment human labor.

Meta didn’t immediately respond to a request for comment for this story. The company has undergone three previous large rounds of layoffs since 2022, including as part of Meta’s one-time “year of efficiency” drive in 2023. But even though the latest round is smaller than a couple of those, it is drawing widespread scrutiny because it comes at a time of societal anxiety about AI’s impact on jobs.

Inside Meta, the imminent cuts are among several concerns that have sunk morale to unprecedented depths, according to 16 current and former employees who recently spoke to WIRED. Employees also have been frustrated by being “drafted” onto a new AI team without any choice and the rollout of surveillance software that tracks US workers’ laptop use to train AI models.

Meta also plans to internally restructure as it conducts sweeping layoffs, transferring 7,000 remaining staff to “AI initiatives” and converting more managers into individual contributors. That would bring the total number of those affected—either laid off or placed in a new role—to 20 percent of the current workforce, Reuters reported on Monday. WIRED independently confirmed this reporting. Some parts of the company have been told they won’t be affected at all.

But in recent days, employees who are bracing for changes have shared checklists internally about benefits to take advantage of, and are saving documents such as performance reviews and pay stubs, according to one worker. Some teams are meeting up at bars and restaurants near Meta offices in New York and Menlo Park on Tuesday and Wednesday to eat and drink away their sorrows, several employees said. Management has encouraged employees not to come into offices on Wednesday.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

MetaMask Just Added Tokenized US Stocks – NOT for US Users

On February 3, 2026, MetaMask announced an integration with Ondo Finance that lets eligible users buy, hold, and...

Long Traders Lose $17.3M as Bitcoin Stalls Below $77,000 on Iran Tension

Key TakeawaysBitcoin fluctuated between $76,200 and $77,245 as Coinglass recorded a drop in crypto liquidations to $175M.Renewed U.S.-Iran...

Here’s Why the Price Could Plunge by Double Digits

Is SOL headed toward $78 or even lower? The crypto market experienced another correction in recent days, with only...

Advertisement

Google’s Genie world model can now simulate real streets with Street View

We’ve all pulled up Street View on Google Maps to show a friend what our childhood home looked...

Former Citadel quants’ fintech Moment raises $78m for AI trading stack

AI trading startup Moment, founded by...

Must read

MetaMask Just Added Tokenized US Stocks – NOT for US Users

On February 3, 2026, MetaMask announced an integration...

You might also likeRELATED
Recommended to you