NEW: Meta just confirmed 10% layoffs coming on May 20, according to an internal memo. 6,000 job openings are also being closed.
Head of HR didn’t specifically mention AI, but said this is an effort to “run the company more efficiently and to allow us to offset the other investments we’re making.”
Meta Platforms Inc. plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence.
