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AIMeta is reportedly preparing one of the biggest layoffs in tech.
- Meta is discussing cuts of up to 20% of its workforce
- The company has 79,000 employees, meaning 15,000+ jobs could be impacted
- Leaders have been told to prepare reduction plans
- Cuts are meant to offset massive spending on AI infrastructure and data centers
- Meta is offering huge pay packages to recruit top AI researchers
- Mark Zuckerberg says AI can let one engineer do work that used to require entire teams
Meanwhile, Meta is racing to catch up with OpenAI and Google
Meta is cutting thousands of jobs while spending billions on ai. This is the ai transition in big tech.
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