Meta plans 10% layoffs as AI spending soars
New York: Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence.
Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, a source told AFP.
The move comes as co-founder and chief executive Mark Zuckerberg makes a priority of delivering “superintelligence” in a costly AI race against rivals including Amazon, Google, Microsoft and OpenAI.
