Meta Announces Plans for Major Layoffs Amid AI Push
Meta, the technology giant, has announced it will lay off approximately 8,000 employees, representing about 10% of its workforce. The move is aimed at reducing costs as Meta intensifies its focus on artificial intelligence.
The decision was detailed in an internal memo to workers and is set to begin on May 20. According to the company’s statement, these layoffs are intended to enhance efficiency and balance against other significant investments.
This development marks a substantial shift for Meta, reflecting its strategic pivot towards AI technologies. The news has been confirmed by CBS News’ Kelly O’Grady, who contributed to this report.
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