Meta to lay off 8000 employees May 20 Zuckerberg offers severance details that surprise many workers

Published on 12 May 2026

Severance isn’t just pay plus two weeks

Meta plans to lay off about 8,000 employees, roughly 10% of its global workforce, on May 20. The company says it will provide a “generous severance package” including 16 weeks of base pay plus two additional weeks for every year of employment. For US employees, Meta will also cover COBRA health insurance costs for up to 18 months for workers and their families.

Meta will lay off around 8000 employees on May 20
Severance includes 16 weeks base pay plus two weeks per year
US employees get COBRA health coverage costs for 18 months
Layoffs affect about 10% of Meta’s global workforce

#layoffs #meta #severance #workforce #zuckerberg

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Meta to lay off 8000 employees May 20 Zuckerberg offers severance details that surprise many workers

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