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Meta begins job cuts in Israel
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Meta has begun sending layoff emails to roughly 10% of its workforce. The cuts are expected to eliminate around 8,000 roles.
The job cuts come as the company pushes for massive AI spending and plans to transition thousands of jobs toward AI initiatives.
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Meta's 8,000-staff layoff begins in Singapore with 4am emails
Meta has begun its 8,000-employee layoff globally, with emails sent out to Singapore employees at 4 a.m. local time on Wednesday.
Meta is starting layoffs this week, with 8,000 jobs expected to be cut, as employees brace for a new era of AI.
Mark Zuckerberg’s Meta on Wednesday kicked off a major bloodbath with 8,000 layoffs – among the largest in the social media giant’s history – as a disruptive shift toward artificial intelligence continues to roil the tech giant.
The company told staff last month it would lay off around 8,000 people in a move to ‘offset’ its heavy investments.
The announcement followed Meta's commitment of more than $100 billion to capital expenditures towards artificial intelligence (AI).