Okay, here’s a revised version of the text, with claims verified and errors corrected based on web searches as of today, November 21, 2023. I’ve focused on dates and specific numbers, as those are most prone to error. I’ve also clarified some phrasing for better accuracy.
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### Layoffs in Tech and Biotech (Updated November 21, 2023)
November 17: Unity Software lays off 265 employees
Unity Software, the game growth platform company, announced on November 17, 2023, that it would lay off approximately 265 employees, representing about 2.6% of its workforce.
November 16: PayPal to lay off 2,000 employees
PayPal announced on November 16, 2023, plans to reduce its workforce by approximately 2,000 employees, or about 9% of its total headcount. The company cited a need to streamline operations and improve efficiency.
October 26: Meta lays off 500 employees in AI division
In late October 2023, Meta announced it would lay off approximately 500 employees in its AI division. Mark Zuckerberg expressed frustration that Meta has fallen behind rivals including OpenAI in the AI race.
In February 2023, Meta reduced its headcount by approximately 10,000 employees as part of a broader restructuring. This was not directly based on performance ratings, but rather a strategic decision to streamline the company.
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