genai / news / / Times of India
Meta, the parent company of Facebook, Instagram and WhatsApp will layoff around 10% of its global workforce on may 20.
Meta will lay off about 10% of its global workforce on May 20, 2024.
KEY POINTS
- 7,000 Meta employees will be reassigned to new AI-focused teams such as AAI and ATA.
- Thousands of managerial roles at Meta are being eliminated to adopt an 'ultraflat' structure.
- Meta introduced tracking software, Model Capability Initiative, to monitor staff for AI training purposes.
- These reorganizations and layoffs combined will affect approximately 20% of Meta's workforce.
COMPANIES
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