Meta layoffs: 8,000 employees to lose job in May amid massive AI push
Meta is planning to cut 8,000 jobs, around 10% of its workforce, in May as it increases investment in artificial intelligence. The company will provide a severance package to affected US employees, including 16 weeks base pay plus two weeks for every year of employment.
Meta is preparing to cut 8,000 jobs, around 10% of its workforce, in May. The layoffs are driven by the company's increased spending in key areas, particularly artificial intelligence. Meta is expected to invest $135 billion this year, roughly equal to its total AI spending over the previous three years combined. Affected US employees will receive a severance package including 16 weeks base pay plus two weeks for every year of employment, and COBRA health care coverage for 18 months. Packages for employees outside the US will be similar but vary by country. The company will also offer career services and immigration support to those affected.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.