business / news / / The Straits Times
Meta plans to cut 10 per cent of its workforce, or roughly 8,000 employees.
Meta will cut 10% of its workforce, eliminating about 8,000 jobs and 6,000 open roles.
KEY POINTS
- Mark Zuckerberg plans to spend up to $135 billion in 2024, nearly doubling 2025 spending.
- Most of Meta's increased spending is allocated to AI investments like data centers and semiconductors.
- Meta acknowledged it lags behind competitors in foundational AI models and is significantly ramping up investment to catch up.
COMPANIES
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