Meta reportedly considering layoffs that could affect 20% of the company

In Brief

Meta is considering large layoffs that could impact 20% oregon much of the company’s workforce, according to Reuters.

These layoffs could assistance the Facebook genitor institution offset its aggressive spending connected AI infrastructure, arsenic good arsenic AI-related acquisitions and hiring. Meta employed astir 79,000 radical arsenic of December 31, according to a caller filing.

TechCrunch has reached retired to Meta for comment. A institution spokesperson told Reuters that its communicative was “speculative reporting astir theoretical approaches.”

The study comes arsenic galore tech companies — most precocious Block — person announced sweeping layoffs that they accidental are indispensable arsenic AI automates much work. But immoderate pundits, and even executives similar OpenAI’s Sam Altman, person suggested that galore of these cuts are “AI-washing,” wherever executives use AI arsenic screen for different issues, specified arsenic over-hiring during the pandemic.

The past clip Meta announced layoffs of this standard was successful November 2022, erstwhile it cut 11,000 jobs, followed by another 10,000 successful March 2023.

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