Meta Layoffs: Mark Zuckerberg Refuses to Rule Out Future Cuts as AI Costs Surge
Meta is laying off around 8,000 employees, or 10% of its workforce, as it continues to aggressively invest in artificial intelligence, with CEO Mark Zuckerberg tying the cuts to the rising cost of AI ambitions. Zuckerberg refused to rule out further layoffs, stating that future job cuts will depend on how AI spending, revenues, and usage develop over time.
Meta is laying off 8,000 employees, or 10% of its workforce, as it continues to invest heavily in artificial intelligence. The layoffs will begin on May 20 across the company's global operations. CEO Mark Zuckerberg told staff that the cuts are necessary due to the rising cost of building advanced AI systems. Zuckerberg stated that the company has two major cost centers: compute infrastructure and people-oriented things. He added that investing more in one area means having less capital to allocate to the other. The company has already slashed 11,000 jobs in November 2022 and a further 10,000 in 2023. Zuckerberg refused to rule out further layoffs, stating that future job cuts will depend on how AI spending, revenues, and usage develop over time.
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