Meta cuts 8,000 jobs in sweeping global layoffs
Summary
Meta is cutting about 8,000 jobs, which is 10% of its workforce, in three waves starting this week. The company will stop hiring 6,000 people and move 7,000 workers into AI-related jobs as it invests heavily in artificial intelligence development.Key Facts
- Meta will lay off 8,000 employees worldwide, around 10% of its staff.
- Layoffs began on Wednesday, starting early morning local time for those affected.
- Job cuts include workers from content moderation, cybersecurity, and design teams.
- U.S. employees will get 16 weeks of severance plus two extra weeks per year worked.
- Meta will cancel plans to hire 6,000 new employees.
- About 7,000 current workers will shift to artificial intelligence (AI) workflow roles.
- The company faces low worker morale, partly due to tracking programs collecting employee data to train AI models.
- Meta’s CEO, Mark Zuckerberg, is investing heavily in AI, with capital spending expected to reach $125-$145 billion this year.
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