Meta Platforms to Cut 8,000 Jobs and Leave 6,000 Positions Unfilled Amid Increased AI Investment
Meta Platforms (META) plans to cut 8,000 jobs and leave 6,000 open roles unfilled in a bid to improve efficiency and fund its growing AI investments. The company is expected to announce layoffs in late May, with further reductions likely later in the year. This marks Meta's largest workforce reduction since 2022 and 2023.
Tickers: $META
Topics: AI Investment Corporate Strategy Layoffs Meta Platforms Workforce Reduction