… Meta also plans to internally restructure as it conducts sweeping layoffs, transferring 7,000 remaining staff to “AI initiatives” and converting more managers into individual contributors. …
… In a statement to The New York Times, a Meta spokesperson said that this is part of a standard process for the company. “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” they said. “Where possible, we are finding other oppo… …
… The company is looking to offset its costly AI infrastructure investments, which include a plan to spend $600 billion on data centers by 2028. YouTube / Meta The layoffs are also said to affect Meta's recruiting, sales, Facebook and global operations divisions. …
Meta is conducting further cuts as it continues to move resources to AI-related investments. A memo obtained by Bloomberg states that 8,000 employees, or 10% of Meta's workforce, will be impacted. …
Meta is planning to pump billions more into AI investments this year, despite noting that millions of users have seemingly started to abandon its platforms. …
… They declined to be named because of company policies barring unsanctioned conversations with journalists. “I don’t know anyone having a good time,” says a policy staffer. “The vibe is a bit ‘over it’—lack of connection to the mission, upcoming layoffs, American employees being used to train the AI… …
… Meta also lost two major lawsuits around child safety , which could result in a "material loss," the company said on the call. Reports of upcoming massive layoffs aren't helping. …
… Many employees have been complaining on the anonymous forum Blind that leadership only cares about AI, and some feel they are being forced to train their own replacements. …
… Recently, Facebook CFO Susan Li talked with analysts at Morgan Stanley at the company’s Technology, Media & Telecom conference about the uncertain path for a return on Meta’s AI investments. …
Virtual Reality Richard Lawler May 18 With mass layoffs plannned, Meta reassigns thousands of employees to AI initiatives. …