genai / news / / Livemint
Meta has begun notifying employees about a fresh round of job cuts that will affect nearly 8,000 workers globally.
Meta is cutting nearly 8,000 jobs globally, with Singapore staff among the first notified.
KEY POINTS
- The layoffs primarily affect teams not directly linked to Meta's expanding AI business.
- Around 7,000 workers have been reassigned to AI-focused roles as part of the restructuring.
- Meta could save nearly US$3 billion annually from these layoffs, despite surging AI investments.
- Estimates suggest Meta may spend up to US$145 billion on AI infrastructure this year.
COMPANIES
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