Variety
·entertainment
·2 hours ago
Meta lays off 8,000 employees to enhance efficiency and offset spending
Meta announced it will lay off 8,000 employees, approximately 10% of its workforce, as part of a companywide shift toward artificial intelligence. Head of HR Janelle Gale stated the cuts aim to enhance efficiency and offset significant investments. The layoffs follow Meta's projected increase in capital spending to support its AI initiatives.
Summary by Glance · Variety
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