Meta will cut 10 per cent of its staff next month, or about 8,000 jobs, as the social media platform reduces its workforce to offset chief executive Mark Zuckerberg’s AI spending spree.
The $1.7tn social media group on Thursday told staff in a memo that it was laying off staff in order to “run the company more efficiently and . . . offset the other investments we’re making”.
Meta also said in the memo that it was no longer filling 6,000 positions that it had planned to hire for, said two people familiar with the matter.
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