Tech giants focusing on artificial intelligence continue to lay off employees this year as well. Facebook’s parent company Meta also announced massive layoffs. The details of those plans were recently disclosed to the employees. 10 percent of the company was hunted. It has been said that these layoffs will start from May 20. At the same time, 7000 employees will be shifted to AI duties.
To this extent Meta HR Chief Janelle Gale sent an internal memo to the employees. “Many organizations have taken steps to reorganize themselves in line with the AI agenda. We are also at the stage of implementing those changes. As a part of this, we have decided to impose layoffs on 10 percent of the employees. Let’s completely ignore those who are in managerial level duties. Also, around 7,000 employees will be transferred to new AI-related projects. Some transfers have already been completed. The rest will get updates from May 20 onwards. Also, as part of this reorganization plan, we will bring 6 thousand new roles,” Gayle disclosed in his memo.
At the end of March, Meta had approximately 78,000 employees worldwide. Out of this 10 percent means.. about 8 thousand people will be fired from the company. According to the latest announcement, these layoffs and transfers will affect the total 20 percent of the staff in the organization. The company is reportedly planning to lay off some more employees later this year.
It is noteworthy that these are the biggest layoffs undertaken by the company after 2022-2023. At the end of 2022, 11 thousand people were laid off. In the following year, 10,000 people were laid off. Meta (Meta) is currently investing extensively in the field of AI. As part of this, the company recently disclosed that it plans to spend 600 billion dollars for setting up data centers by 2028. Cost control measures are being taken in this order.