Meta begins job cuts in Israel
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Meta flagged the job cuts last month, and a company spokesperson said that affected employees were notified on Wednesday.
The Facebook owner is planning to lay off 10% of its employees on Wednesday, with additional deep cuts slated to come later this year.
Meta is starting layoffs this week, with 8,000 jobs expected to be cut, as employees brace for a new era of AI.
Facebook and Instagram's parent company has been investing huge sums of money in AI, but it lags behind competitors.
Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at reducing costs while the company invests heavily in artificial intelligence.
Meta had informed employees in April that it planned a large round of layoffs while also scrapping plans to fill 6,000 open positions
Meta Platforms, Inc. is reportedly reshaping its workforce around artificial intelligence by moving thousands of employees into new AI-focused divisions while simultaneously cutting roughly 8,000 jobs as CEO Mark Zuckerberg accelerates the company's massive AI ambitions.
Emirates News Agency on MSN
Meta cuts 10% of workforce to accelerate AI investment
Meta has commenced a restructuring process to lay off approximately 8,000 employees, representing roughly 10 percent of its global workforce, as part of a strategic shift to reallocate capital toward artificial intelligence.