Meta To Layoff 10% Workforce Amid Heavy AI Investments: Report
Meta plans to lay off around 8,000 employees, about 10% of its workforce, as it invests heavily in artificial intelligence. The move comes as CEO Mark Zuckerberg prioritizes delivering 'superintelligence' in a competitive AI race.
Meta is set to lay off approximately 10% of its workforce, around 8,000 employees, as part of a restructuring effort. The company is investing heavily in artificial intelligence, with CEO Mark Zuckerberg prioritizing the development of 'superintelligence'. This move is part of a costly AI race against major tech rivals, including Amazon, Google, Microsoft, and OpenAI. The layoffs are expected to take place next month. The remaining employees will be expected to drive productivity gains. Zuckerberg's focus on AI is driving the company's current strategy.
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