Some received dismissal letters at 4 AM... Meta globally lays off another 8,000 people, compensation plan exposed; Appearing after half a year of silence! Former CEO of Dongfang Zhenxuan, Sun Dongxu, sells books via livestream; Changxin Technology IPO, to be reviewed on May 27th
Meta has initiated a global layoff of 8,000 employees, representing about 10% of its workforce, with affected employees in Singapore receiving notices as early as 4 AM. The company is also closing approximately 6,000 open positions and plans to reassign 7,000 existing employees to AI-focused projects. Meanwhile, DeepSeek is reportedly forming a new team to develop code intelligence agents, aiming to compete with Anthropic's Claude Code. AI
IMPACT Meta's significant workforce reduction and strategic shift towards AI projects indicates a major industry pivot, while DeepSeek's new AI coding initiative signals increased competition in specialized AI development.