Meta to cut 8,000 jobs as AI spending soars

City AM — Apr 24, 07:11 AM

Meta has already cut around 2,000 roles in smaller rounds this year https://www.cityam.com/wp-content/uploads/2024/08/Zuckerberg-1.jpeg?w=1107" />

Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years.

The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of https://www.cityam.com/meta-to-cut-8000-jobs-as-ai-spending-soars/">[...]

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