Meta slashes jobs by 10% amid shift to ai

Meta, the parent company of Facebook, Instagram, and Oculus VR, is cutting 8,000 jobs and closing 6,000 open positions, according to an internal memo. This represents approximately 10% of the company's workforce, with layoffs set to be finalized next month.

Meta shifts focus to ai investments

The move is part of Meta's ongoing effort to reallocate resources and prioritize investments in artificial intelligence. This strategy shift comes on the heels of a similar 10% staff reduction at the company's Reality Labs division earlier this year.

The latest cuts will significantly impact various teams, including those working on VR and AR development. Many employees are bracing for the uncertainty and disruption this will bring to their careers and lives.

While the exact details of the restructuring plan remain unclear, industry insiders speculate that Meta aims to streamline its operations and better position itself for the rapidly evolving AI landscape.