Meta to slash 10% of workforce to fund $189 billion AI bet
Meta is set to cut nearly 8,000 jobs as it doubles down on AI, with billions earmarked for infrastructure and top-tier talent.
Meta is set to cut 10% of its workforce next month as it invests heavily in artificial intelligence (AI).
The US technology giant, which owns social media sites such as Facebook and Instagram, told employees in an internal email that the major round of redundancies is to be made on May 20.
Meta had just under 79,000 employees at the turn of the year, meaning the cuts are likely to affect nearly 8,000 people.
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