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Meta to cut 8,000 jobs in efficiency push amid AI spending surge
The company said the cuts will make operations more efficient as it increases spending on artificial intelligence and leaves 6,000 open roles unfilled.
- On Thursday, Meta announced it is laying off about 8,000 workers, or about 10% of its workforce, to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.
- Microsoft, based in Redmond, Washington, said Thursday it will offer voluntary buyouts to about 8,750 people, or 7% of its U.S. workforce, according to chief people officer Amy Coleman.
- Meta warned investors that 2026 expenses will range from $162 billion to $169 billion, while Bloomberg reported the company intends to leave about 6,000 jobs unfilled to improve efficiency.
- While distinct from layoffs at peers like Oracle, the strategy involves cutting costs to fund AI-expert talent, reflecting broader industry upheaval requiring huge spending on artificial intelligence.
- Wedbush analyst Dan Ives welcomed the reductions, noting a strategy of using AI tools to automate tasks allows companies to streamline operations while maintaining productivity despite rising costs.
204 Articles
204 Articles
Overview Of Meta Layoffs And Job Cuts: How Bad It Is Now Especially For Women As Company To Slash 10% Of Workforce In Favour Of AI
Meta has confirmed plans to cut approximately 8,000 jobs, representing around 10 per cent of its global workforce, as it increases investment in artificial intelligence. The reductions are due to begin on 20 May, according to an internal memo reported by Bloomberg. The company said the cuts are intended to offset rising costs linked to AI infrastructure and hiring. Meta has warned investors that its total expenses could reach between $162 billio…
Mark Zuckerberg's Meta Group is launching a comprehensive workforce reduction plan to finance its massive investment in artificial intelligence.
About 8000 employees are affected. To justify this, it is said that they want to make the company more efficient. Trump believes it would be helpful if Putin came to the G-20 summit.
Meta announced plans to reduce its workforce by approximately 10%, or about 8,000 people, following a significant increase in investment in artificial intelligence, reflecting a major business shift for the technology company.
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