Meta to cut roughly 8,000 employees as it plans massive AI budget
Meta is cutting roughly 10% of its staff, totaling about 8,000 employees, to shore up its finances for more spending on artificial intelligence.
In a memo sent to staff, the company said the move was intended to “run the company more efficiently and to allow us to offset the other investments we’re making.” People familiar with […]
Meta and Microsoft announce mass layoffs
- Thousands of jobs to be cut at tech giants Meta and Microsoft The Standard —
- Meta reportedly cuts 10% of workforce affecting 8,000 employees GamesIndustry.biz —
- Meta to cut 8,000 jobs as AI spending soars City AM —
- Meta to cut 10% of global workforce to offset AI spending Irish Times —
- Microsoft and Meta to cut thousands of jobs Sky News —