Meta targets 20 May for 8,000 layoffs as it redirects billions toward AI infrastructure
The Next Web
Read full postMeta plans to lay off 8,000 employees by May 20 as it reallocates billions of dollars to build AI infrastructure. The company is shifting its focus and resources toward AI development.
- Meta is firing 8,000 people. Microsoft is paying 8,750 to leave. Both are spending the savings on AI.· The Next Web
- Meta is cutting 8,000 jobs to pay for AI. It is also asking the survivors to train their replacements.· 2 sources
- Microsoft offers voluntary retirement to 7% of US workers in first-ever buyout programme amid $80B AI spending push· The Next Web
