Kamal Ghorui
Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles that it had intended to fill.The job cuts come as CEO Mark Zuckerberg is spending aggressively on the talent and infrastructure needed to develop state-of-the-art AI products. Meta already projected record capital expenditures this year, and has announced multibillion-dollar deals with AI partners in the past few months. Employees have been encouraged to use AI agents internally to help with writing code and other tasks.
