"In an internal memo, Janelle Gale stated that the latest cuts are part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making."
"Meta is building its own models and apparently training them on its own staff, indicating a significant shift towards integrating AI into its operations."
"Today's layoffs likely don't mark the end of Meta's current contraction, as a report from March suggested that Meta was planning to downsize by up to 20 percent."
"The company cut hundreds of jobs, primarily in its Reality Labs division, shortly after claims of potential downsizing circulated."
Meta is implementing a 10 percent workforce reduction, resulting in approximately 8,000 layoffs and the elimination of 6,000 open positions. This decision is part of an effort to enhance company efficiency and support investments in artificial intelligence. Meta is developing its own AI models and integrating advanced AI capabilities into its products, including smart glasses. Further layoffs may occur, as reports indicate potential downsizing of up to 20 percent, following previous job cuts in its Reality Labs division and the closure of VR studios.
Read at Engadget
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