Meta to cut one in 10 jobs after spending billions on AI

The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.

First Thing: Microsoft and Meta cut thousands of staff as they bet big on AI

Meta to lay off 10% of its staff and Microsoft to offer retirement to 7% of US workforce. Plus, Iron Maiden at 50 Good morning. Meta and Microsoft are cutting thousands of employees as they bet big on AI and executives claim that the technology is meeting productivity needs. What have they said about AI? Mark Zuckerberg said in January that AI was making some hiring unnecessary. Mustafa Suleyman, Microsoft’s AI chief, said in February that he believed AI would be able to replace most white-co...

By Clea Skopeliti

20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here

Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history.

Meta to cut 8,000 jobs, Microsoft to offer voluntary buyouts for thousands

Meta is laying off about 8,000 workers, or about 10 per cent of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.

Tech jobs have hit an AI air pocket. Is it temporary or permanent?

Meta CEO Mark Zuckerberg. Arda Kucukkaya/Anadolu via Getty Images Tech job cut announcements have picked up again recently. Some factors pressuring tech jobs could be temporary, while others may be permanent. How long will this "AI air pocket" for tech jobs last? Multiple forces have converged to trigger a wave of job cuts across the tech industry. Some of these changes could be temporary, while others could stick and change the character of tech work forever. The latest news feels bad. Met...

Struggling Nike will cut around 1,400 jobs - The Straits Times

Struggling Nike will cut around 1,400 jobs  The Straits Times

Meta cuts nearly 8,000 jobs as it tells workers it’s looking to be more efficient

Meta has announced plans to cut nearly 8,000 jobs, telling workers it’s looking to be more efficient.

Microsoft offers buyouts to 7% of U.S. workforce amid AI shift: report

Meta yet to inform Irish Government of layoff plans as 8,000 roles to be cut globally

The plans to reduce the tech giant’s workforce come as it has invested billions in advancing AI operations.

Meta to Sack 8,000 Employees, Closing 6,000 Open Job Listings

Layoffs come amid continuing shifts into AI-related investments.

By Luke Reilly

Meta plans 10% layoffs as AI spending soars

Meta plans to cut its workforce by 10%, or about 8,000 employees, as it increases spending on artificial intelligence to compete with tech rivals. Read More: https://punchng.com/meta-plans-10-layoffs-as-ai-spending-soars/

By Punch Newspapers