Meta informed staff this week it will cut 10 percent of workers as it invests billions into artificial intelligence products. The memo, sent Thursday by Meta’s Chief People Office Janelle

Amazon.com Inc. and Meta Platforms Inc. have struck a multibillion-dollar deal for the social-media giant to rent hundreds of thousands of Amazon’s general-purpose chips for its AI efforts.

Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.

Meta plans to lay off roughly 10% of its workforce as the technology giant steps up its spending on artificial intelligence.

Mark Zuckerberg-led Meta has confirmed it plans to slash about 8,000 jobs — roughly 10% of its workforce — informing employees of the sweeping cuts on Thursday. The Facebook parent disclosed the layoffs in a staff memo, signaling that the company is moving ahead with a massive workforce reduction as it pours billions into artificial intelligence.

Meta laying off 10% of its staff, or roughly around 8,000 employees. This comes in an effort to boost efficiency amid heavy spending on AI.

Druckenmiller, who said he sold Nvidia too early, recently dumped his stake in Meta Platforms and doubled down on two cloud computing giants.

Meta employees are fuming over a new internal tool that tracks their clicks and keystrokes — the latest flashpoint in the company’s all-in push on artificial intelligence. Staffers reacted with alarm after learning the software would monitor mouse movements,