Meta Begins 8,000 Job Cuts, Starting in Singapore
Cointelegraph
Meta has initiated a layoff of 8,000 employees, beginning in Singapore, as the company pivots resources toward artificial intelligence infrastructure.Summary
Meta has officially begun reducing its workforce by 8,000 employees, starting with staff in Singapore, as part of a strategic shift to prioritize artificial intelligence development. The cuts, which are expected to impact engineering and product teams globally, reflect a broader industry trend of Big Tech firms streamlining operations to fund AI investments. Meta’s leadership, including head of people Janelle Gale, maintains that a leaner organizational structure will improve productivity and speed. The company has already invested over $100 billion into AI and plans further infrastructure expansion, signaling a departure from its previous heavy investment in the metaverse.
(Source：Cointelegraph)