Meta layoffs: Mark Zuckerberg-led firm to cut 600 jobs in AI Superintelligence Labs after pouring billions into project

Months after he went on a billion dollar splurge acquiring industry names for Meta’s ambitious artificial intelligence project, Mark Zuckerberg’s AI Superintelligence Labs plans to fire around 600 employees with aim to be more competitive, Bloomberg reported citing an internal memo.

Employees of Meta’s AI unit were informed of their job cuts on October 22, as per an internal memo, it added. Notably, Meta’s newly formed TBD Lab group, which includes many of the highly-paid recent hires have not been hit, as per the report.