US EditionMeta to Lay Off 5% of Workforce While Accelerating AI Hiring
- Meta is planning to lay off about 5% of its workforce, targeting its 'lowest performers,' as confirmed in an internal memo reviewed by Reuters.
- The company will backfill at least some of the positions after the layoffs, according to Meta's announcement.
- Meta's VP of Engineering for Monetization, Peng Fan, requested help with expedited hiring for machine learning engineers and other critical roles.
- Meta will keep its offices open on Monday and will not provide further details about the layoffs, as stated by Gale in her post.
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Meta job cuts begin. Here’s everything we know so far.
Meta has begun to cut thousands of jobs as the social media giant takes a tougher stance on underperforming employees and readies its finances for another year of heavy AI investment. Impacted employees in Europe, Asia, and the US have started to be notified, per an internal post view by Business Insider. The company has said it will eliminate roughly 5% of its workforce, which could mean almost 4,000 employees lose their jobs. CEO Mark Zuckerbe…
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Total News Sources66
Leaning Left3Leaning Right13Center11Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
11%
C 41%
R 48%
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