""We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making," Janelle Gale, Meta's chief people officer, said in an internal memo shared by several media outlets Thursday."
""Normally, we would want to nail down more details before communicating about this broadly, but since this has leaked, I want to share what I can right now," Gale said."
""We are now seeing a major AI acceleration. I expect 2026 to be a year where this wave accelerates even further on several fronts," Meta CEO Mark Zuckerberg told investors during a fourth-quarter earnings call."
Meta announced plans to lay off approximately 10% of its workforce, equating to around 7,900 employees, as part of a restructuring initiative. The impact on its Irish operations, which employs about 1,800 people, remains unclear. The layoffs are intended to enhance efficiency and offset investments, particularly in artificial intelligence. Meta also revealed it would not fill 6,000 open roles and anticipates further layoffs in the second half of the year. The company's stock fell following the announcement, reflecting market concerns.
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]