Meta CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.

He made the announcement on the same day the Facebook owner carried out a far-reaching restructuring of the company, laying off 10% of its workforce globally and transferring 7,000 other employees to new AI-related teams.

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(Reporting by Katie Paul in New York; Editing by Chizu Nomiyama)