genai / news / / ThePrint
Meta Platforms Inc. is cutting roughly 8,000 roles globally.
Meta is cutting 8,000 roles globally, mainly affecting engineering and product teams.
KEY POINTS
- 7,000 employees have been reassigned to AI-focused teams as part of the restructuring.
- Meta may conduct additional layoffs later in the year, according to internal sources.
- Meta's projected AI capital expenditures could reach $145 billion this year alone.
- Meta plans to collect granular employee device data, sparking internal privacy concerns and petitions.
COMPANIES
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