Meta announces 8,000 job cuts in a company-wide memo to fund massive investment in AI strategies
Meta announced it will cut 8,000 jobs, roughly 10% of its workforce, to fund its investment in artificial intelligence. The company plans to use AI to increase efficiency and has already started tracking employee interactions to train its AI models.
Meta is cutting 8,000 jobs, or about 10% of its workforce, as it ramps up investment in artificial intelligence. The decision was announced in a company-wide memo sent to employees. Meta's Chief People Officer Janelle Gale stated that the move is necessary for the company to achieve a higher rate of efficiency through AI. The company had 78,865 employees as of its latest reported data. Meta has also canceled 6,000 open job positions. The company is tracking employee interactions to train its AI models, with the goal of having AI agents perform a significant portion of work.
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