Technology
Meta Cuts 8,000 Jobs as AI Spending Surges
Meta will cut 8,000 jobs May 20 while pouring tens of billions more into AI. The 'AI replaced them' headline is neater than what the company actually said.
Meta will cut 8,000 jobs May 20 while pouring tens of billions more into AI. The 'AI replaced them' headline is neater than what the company actually said.
Meta is planning layoffs that could affect up to 20% of its 78,865 employees — roughly 15,800 people — as AI infrastructure costs consume an ever-larger share of revenue.