According to recent reports, Meta, the company behind social media platforms like Facebook and Instagram, is working on a significant workforce reduction. The first round of layoffs at Meta will affect about 8,000 people and could happen as soon as May 20, 2026. Reuters reports that Meta plans to lay off about 10% of its global workforce in this first round. This is part of a trend that has been seen throughout the industry. So far in 2026 alone, more than 73,000 tech workers have lost their jobs so far in 2026. However, the situation seems different from that of…