Zuckerberg says Meta layoffs tied to AI spending, won't rule out future cuts
Meta CEO Mark Zuckerberg said the company's latest layoffs, affecting 10% of its workforce, are tied to increased spending on artificial intelligence. Zuckerberg left open the possibility of future job cuts, citing the need to balance investment in compute infrastructure and personnel.
Meta is cutting about 10% of its workforce, or roughly 8,000 jobs, starting May 20. CEO Mark Zuckerberg attributed the layoffs to increased spending on artificial intelligence and infrastructure. Zuckerberg stated that the company has two major cost centers: compute infrastructure and people-oriented expenses. He said investing more in one area means less capital for the other, necessitating a reduction in company size. The layoffs are not directly related to Meta's shift toward an 'AI-native' structure or efforts to build autonomous AI agents. Meta has previously cut 11,000 jobs in November 2022 and another 10,000 months later. The company employed nearly 79,000 people as of Dec. 31.
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