•1 min read•from PetaPixel
Meta to Axe 8,000 Workers Amid AI Drive
Our take
Meta is set to make significant workforce reductions as part of its ongoing AI initiatives, with a memo revealing plans to lay off approximately 8,000 employees, equating to 10 percent of its workforce. This decision, announced yesterday, reflects the company's strategic shift towards automation and artificial intelligence. Additionally, Meta will halt the recruitment for thousands of advertised positions, signaling a broader recalibration of its operational priorities. As the tech giant navigates these changes, the impact on employees and the industry remains to be seen.
Meta circulated a memo to staff yesterday (Thursday) informing them that the company plans to lay off 10 percent of its workforce in May. That's roughly 8,000 jobs. On top of that, Meta says it will not fill the thousands of jobs it was advertising for.
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