Meta Lays Off 700 Employees, While Rewarding Top Executives

The jobs cuts and a new stock program for executives come as Meta continues to shift its focus to artificial intelligence.

By Eli Tan

Meta cutting several hundred jobs across Reality Labs, Facebook and other departments

The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.

Meta is forming some employees into AI-native 'pods,' leaked memo shows

Meta CEO Mark Zuckerberg. Bloomberg/Getty Images A large division within Meta Reality Labs is undergoing an overhaul to become fully "AI-native." The unit is now organized into "pods" made up of "AI builders" and "AI pod leads." This new push and the latest layoffs at Reality Labs are unrelated, Meta said. Meta is rebranding some employees as "AI builders" and organizing them into AI-native "pods," according to a leaked memo obtained by Business Insider. The memo described an overhaul of ro...

Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘metaverse’ push

Meta cuts hundreds of jobs, goes in line with Zuckerberg's previous statement

Meta has initiated layoffs, impacting hundreds of employees globally as part of a significant reorganization. This move follows earlier cost-cutting measures and a focus on AI investments. CEO Mark Zuckerberg highlighted AI's transformative potential, suggesting increased efficiency and a shift towards individual talent driving projects. The company aims to offset rising AI expenses and compensation costs.

By TOI TECH DESK

Meta cutting several hundred jobs amid record AI spending: Sources - The Straits Times

Meta cutting several hundred jobs amid record AI spending: Sources  The Straits Times

Meta To Layoff Nearly Thousand Employees Amid Record AI Spending: Report

The layoffs will affect employees both in the US and other international markets, according to a person familiar with the matter.

Meta laying off hundreds of employees, source says

Meta was planning sweeping layoffs that could affect 20% or more of the ​company's workforce

By Reuters

Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates

Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets. The Information reports that a few hundred employees will be let ...

By Tyler Durden