Meta Is Racing to Move Faster and Break More Things
Meta is cutting 10% of its workforce, impacting around 8,000 employees, to improve efficiency and offset its AI spending. Microsoft is also offering buyouts to 7% of its workforce, citing a similar push to reduce headcount in the name of AI.
Meta is laying off 10% of its workforce, or around 8,000 employees, as part of a push to improve efficiency and offset its enormous AI spending. The layoffs will be announced on May 20. Microsoft is also reducing its workforce, offering buyouts to 7% of its employees. The move is part of a broader trend in the tech industry to reduce headcount in the name of AI. Companies like Amazon are also making similar calculations, stripping job titles from employees to potentially suppress wages. Meta's Chief People Officer Janelle Gale stated that the layoffs are not an easy decision and will impact people who have made meaningful contributions to the company.
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