Tag: layoffs

Meta Platforms is set to lay off approximately 8,000 employees, representing 10% of its global workforce, and will not fill an additional 6,000 open roles. These significant cuts are a strategic move to reallocate resources and fund an ambitious artificial intelligence infrastructure program, estimated to reach up to $135 billion this year alone. The restructuring underscores Meta's commitment to becoming a leader in the AI race, even as it continues to navigate a broader tech industry trend of workforce adjustments.

By NeuraFeed