Meta to cut 8,000 jobs
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Meta adds tens of millions of AWS Graviton cores to scale Meta AI and power next-generation agentic AI systems.
The company said in an internal memo that the cuts are needed to run more efficiently and offset other investments. It will also cancel plans to hire for 6,000 open roles.
We’re announcing an agreement with AWS to bring tens of millions of AWS Graviton cores into Meta's compute portfolio to support next-generation agentic AI workloads.
Meta told employees it plans to lay off 10% of staff in May, citing efficiency and rising costs. Staff will get severance and extended benefits.
The post Meta Launches Revamped Account System for Cross-App Management appeared first on Android Headlines.
The social media giant plans to cut its workforce. But this difficult move could be exactly what the market needs to see to buy into the company's heavy spending plans.
Meta (META) stock drops 2.31% after announcing 8,000 layoffs and canceling 6,000 open positions to fund its massive $135 billion AI infrastructure push.
Facebook, Instagram, and other Meta services that the company's Account Center system for managing connected experiences will soon be upgraded to Meta Accounts.