Meta · CNBC Technology
Meta will cut 10% of workforce as company pushes deeper into AI
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Meta plans to lay off 10% of its workforce, about 8,000 employees, as it continues ramping up investments in artificial intelligence.
Key facts
- Meta said in its latest annual report in January that it had a global workforce of 78,865 employees as of Dec
- Meta plans to lay off 10% of its workforce, about 8,000 employees, as it continues ramping up investments in artificial intelligence
- The cuts will begin May 20, and the company is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees
- In January that Meta fired about 10% of employees who were working on metaverse-related projects
Summary
The cuts will begin May 20, and the company is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees. 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. Another round of layoffs commenced in March and affected hundreds of employees working in a variety of units, including Facebook, Reality Labs, global operations and sales. Job cuts are picking up across the tech sector as companies reckon with the AI boom.