Meta to cut 8,000 jobs
Digest more
Meta to buy Graviton chips from Amazon
Digest more
Meta will cut 10% of its workforce, impacting about 8,000 employees, as it shifts resources to AI and reduces costs amid ongoing restructuring efforts.
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.
Social media giant says it will deploy “tens of millions” of Graviton5 cores in support of agentic AI workloads
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
Microsoft and Salesforce can't harvest their enterprise customers' workflows without torching the trust that keeps them hired. Meta doesn't have that problem.
Druckenmiller, who said he sold Nvidia too early, recently dumped his stake in Meta Platforms and doubled down on two cloud computing giants.
Meta introduces a new account system to simplify cross-app management. People can control logins, security, and more from a single portal.