Meta Is Reportedly Ready to Fire 1 in 5 Employees Just to Pay for AI
Internal reports suggest Meta could cut 20% of its workforce to fund its massive AI spending spree. That is roughly 14,000 people losing their jobs so robots can get smarter.
If you work at Meta, you might want to update your resume. According to a shocking new report, the company is considering slashing up to 20% of its entire workforce to free up cash for its AI ambitions.
To put that in perspective, Meta has around 70,000 employees. Twenty percent means roughly 14,000 people could be shown the door. That is not a small round of layoffs. That is an entire mid-sized company worth of people.
So where is all that money going? Straight into AI infrastructure. Meta has been pouring billions into data centers, AI research, and building its own large language models to compete with OpenAI and Google. CEO Mark Zuckerberg has made it clear that AI is the future of the company, even if that future means fewer humans on the payroll.
The timing is brutal. Tech layoffs have already been a recurring theme over the past few years, and now one of the biggest companies in the world might be about to make it worse. The message from Silicon Valley is getting louder: if your job can be automated, it probably will be.
As reported by BitcoinWorld.
Source: BitcoinWorld
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