Meta eyes massive 20% workforce cut as AI infrastructure costs continue to soar across operations: report
Meta is reportedly considering layoffs that could affect at least 20% of its workforce. tech giant is trying to offset rising artificial intelligence costs.
The cuts come as the tech company aims to stabilize costs. artificial intelligence There is a need to be prepared for improved infrastructure and higher productivity enabled by AI-enabled workers, three sources familiar with the matter told Reuters.
The outlet added the timing and size of the event. potential layoffs not finalized.
When reached for comment, a Meta spokesperson told FOX Business: “This is a speculative report on theoretical approaches.”
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top rankings according to Reuters Meta managers recently shared proposed layoff plans with other senior leaders at the company.
If the company lays off 20% of its employees, the layoffs would amount to Meta’s biggest restructuring since 2022 and into early 2023, the outlet said.
Meta laid off 11,000 workers About 13% of the workforce in November 2022, Reuters reported.
Months later, the company laid off another 10,000 people.
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According to its latest data, Meta employs approximately 79,000 people as of December 31.
Other major companies, including Amazon, have recently announced large-scale layoffs due to artificial intelligence developments.
In January, Amazon lays off nearly 16,000 people and signaled that more discounts might be coming.
The company had previously announced the first round of white-collar layoffs totaling 14,000 in October, bringing its corporate headcount to nearly 30,000.
In making cuts representing almost 10% of its white-collar workforce, Amazon highlighted productivity gains from artificial intelligence and broader cultural shifts.
FOX Business’s Bradford Betz contributed to this report.
Original article source: Meta highlights massive 20% workforce disruption as AI infrastructure costs continue to rise across operations: report
