Meta cuts 7,900 jobs to fund AI investments
#MetaLayoffs #TechEfficiencyMeta will cut nearly 8,000 jobs, or 10% of its workforce, on May 20 to boost efficiency. The layoffs offset AI investments, with more cuts planned. Affected U.S. workers get 16 weeks' base pay plus two weeks per year served. read more
Meta to cut 10% of workforce in May
#MetaLayoffs #TechIndustryMeta will lay off 10% of its staff, affecting around 8,000 workers on May 20, and pause hiring for 6,000 open roles. The cuts aim to offset massive AI investments amid legal challenges and a shift from the Metaverse focus. read more