Meta slashes 8,000 jobs

Meta Platforms has begun notifying approximately 8,000 employees that they are being laid off as part of a major restructuring to fund its artificial intelligence pivot.

The job cuts represent about 10% of the company's workforce and have hit departments ranging from engineering to product design.

CEO Mark Zuckerberg sent a company-wide memo expressing gratitude to departing staff while emphasizing the need for increased efficiency.

The layoffs are particularly severe in Ireland, where the workforce has shrunk by 50% from its pandemic-era peak.

Despite the cuts, Meta is actively hiring for its new AI-focused divisions as it races to compete with rivals like OpenAI and Google.