Meta Plans 10 Percent Workforce Layoff
Meta plans to lay off approximately 8,000 employees starting on May 20th. This reduction represents 10 percent of the company's total workforce. The company previously terminated roughly 10 percent of its staff in January to redirect funding toward artificial intelligence development. The announcement follows a memo first reported by Bloomberg. The layoffs are scheduled to occur in January as the company shifts investment toward AI. The Trump administration believes China is using industrial-scale campaigns to steal American AI technology. White House science advisor Michael Kratzioz stated the administration is prepared to hold foreign actors accountable.
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Sources · 7 independent
NBC News Radio
“MEDA is planning to lay off 10% of its workforce. According to a memo first reported by Bloomberg, about 8,000 employees will lose their jobs starting on May 20th.”
NBC News Radio
“its staff in January as the company poured more money into AI.”
NBC News Radio
“The Trump administration believes China is using industrial-scale campaigns to rip off American AI companies. The administration's top science advisor, Michael Kratzioz, says they're ready to hold foreign actors accountable.”
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