What happened
Meta said Thursday it will cut about 8,000 jobs, or 10% of its workforce, as it shifts resources to artificial intelligence. In a company memo, Chief People Officer Janelle Gale said the social media behemoth would also close 6,000 open positions “as part of our continued effort to run the company more efficiently” and “offset the other investments we’re making.”
Who said what
CEO Mark Zuckerberg is “reorganizing his company around AI products in a fierce race” against OpenAI, Anthropic and Google, The New York Times said. Zuckerberg has “made no secret of his AI ambitions,” including rolling out AI-powered social media he “hopes people will incorporate into their daily lives,” and he has pushed employees to “use AI in their daily work.”
Meta’s cuts are the “latest in a string of tech industry layoffs fueled” by AI’s efficiency promises, CNN said. Amazon said it would cut 16,000 workers in January, and financial-tech firm Block’s 40% workforce cut in February “came with a stark warning that more companies would follow suit.” Microsoft on Thursday said it was offering buyouts to 7% of its workforce to invest in AI.
What next?
Meta said it will notify employees being laid off on May 20.
The company is slashing about 8,000 positions
