LIVE: Zuckerberg's Meta Confirms 8,000 Job Cuts for Big AI Push | Other Tech Giants To Layoff Soon?
Meta Platforms is planning to reduce its workforce by roughly 10 per cent, affecting around 8,000 employees, as it accelerates investment in artificial intelligence. The layoffs are set to begin on 20 May and will coincide with the cancellation of hiring for around 6,000 open positions, according to an internal memo first reported by Bloomberg. We had previously reported the rumour, but the company has now confirmed it. The decision underscores the company’s ongoing restructuring efforts as it seeks to sharpen its focus on generative AI.---
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