Meta is contemplating main layoffs that might have an effect on 20% or extra of the corporate’s workforce, according to Reuters.
These layoffs might assist the Fb mum or dad firm offset its aggressive spending on AI infrastructure, in addition to AI-related acquisitions and hiring. Meta employed almost 79,000 folks as of December 31, in line with a latest submitting.
“That is speculative reporting about theoretical approaches,” a Meta spokesperson mentioned in a press release.
The report comes as many tech firms — most just lately Block — have introduced sweeping layoffs that they are saying are vital as AI automates extra work. However some pundits, and even executives like OpenAI’s Sam Altman, have prompt that many of those cuts are “AI-washing,” the place executives use AI as cover for other issues, similar to over-hiring throughout the pandemic.
The final time Meta introduced layoffs of this scale was in November 2022, when it lower 11,000 jobs, adopted by one other 10,000 in March 2023.
