Jonathan Vanian, CNBC; Meta will cut 10% of workforce as company pushes deeper into AI
"Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs, as it continues ramping up investments in artificial intelligence.
The cuts will begin on May 20, and the company is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees. Bloomberg was first to report on the layoffs.
Meta’s latest round of cuts follows several smaller job reductions that the company said was necessary to to improve efficiency while focusing its efforts on generative AI, where it’s lagged OpenAI, Google and Anthropic."
