8,000 Jobs Gone As Meta Doubles Down On AI, But At What Cost To Its Workforce?
Meta is laying off around 8,000 employees, nearly 10% of its global workforce, as it doubles down on artificial intelligence investments. Affected employees will be notified starting May 20 and will receive severance packages, including 16 weeks of base salary in the US.
Meta is preparing for a major workforce reduction, with around 8,000 employees expected to be laid off, nearly 10% of its global workforce. The decision was shared internally through a memo by Chief People Officer Janelle Gale, highlighting a strategic shift in the company's priorities towards artificial intelligence. Affected employees will be officially informed starting May 20 and will receive severance packages. In the US, impacted workers will receive 16 weeks of base salary, an additional two weeks of pay for every year of service, and health insurance coverage through COBRA for up to 18 months. Meta will also close around 6,000 open positions, showing a slowdown in future hiring. The layoffs reflect a broader trend across the technology sector, with companies focusing more on AI and automation, often leading to restructuring and job cuts.
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