Meta (META.O) ​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.