Meta cuts 10% of workforce to fund AI investments
By
The Telegraph
Summary
Meta (Facebook, WhatsApp, Instagram) is cutting 10% of its workforce — thousands of jobs — to offset the massive costs of its heavy investments in artificial intelligence technologies. The layoffs are framed as a cost-cutting measure to fund Meta's multibillion-dollar AI spending spree.
Source
bskyMeta cuts 10% of workforce to fund AI investmentsapp.beehive.newsKey quotes
· 2 pulledMark Zuckerberg's Meta is cutting thousands of jobs to 'offset' the cost of its multibillion-dollar spending spree on artificial intelligence (AI).
Meta, which owns Facebook, WhatsApp and Instagram, announced plans on Thursday to cut 10pc of staff to help fund heavy investments into AI technologies.
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