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Meta 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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  • 48% of the sources lean Right
48% Right

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Business Insider broke the news in United States on Friday, February 7, 2025.
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