Up to 16,000 Meta jobs at stake as Zuckerberg focuses on AI

Meta is planning sweeping lay-offs that could affect 20 per cent or more of the company, three sources familiar with the matter said, as it seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for the cuts and the magnitude has not been finalised, the people said. Top executives have recently signalled the plans to other senior leaders at Meta and told them to begin planning how to pare...

By Reuters

Meta is weighing major layoffs as it pours billions into AI

Meta CEO Mark Zuckerberg Wally Skalij/Getty Images Meta is preparing for possible layoffs, with some managers asked to draw up cost-cutting plans. The cuts could come as Meta ramps up spending on AI infrastructure and talent. The potential cuts would underscore how aggressively Big Tech is trimming head count to finance the AI boom. Meta is gearing up for possible layoffs as it pours billions into AI, two senior employees familiar with the matter told Business Insider. The sources said that...