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Meta Unveils Mass Layoffs Amid Investment in Artificial Intelligence and Technology Push
Meta is laying off about 8,000 workers, or about 10 percent of its workforce, as it ramps up spending on artificial intelligence infrastructure and high-paid AI experts. The move comes amid a broader tech industry restructuring effort, with Microsoft also offering buyouts to employees amid its own restructuring plans.
Meta is laying off approximately 8,000 employees, about 10% of its workforce, amid efforts to increase spending on artificial intelligence infrastructure and advanced research initiatives. The company made the announcement as it continues to expand its AI capabilities and invest in high-paid talent. Meanwhile, Microsoft is reportedly offering buyouts to underperforming employees ahead of its own restructuring plans.
Brief written with AI from reporting by Al Jazeera English. All rights to the original story belong to the publisher.