Reported about 12 hours ago
Meta Platforms Inc. has started informing employees about job cuts that will affect thousands as it aims to eliminate 'low-performers' and attract top talent in the competitive AI landscape. CEO Mark Zuckerberg announced that the company plans to lay off around 5% of its workforce, approximately 3,600 employees, while still offering severance packages and retaining performance bonuses for some. This move is part of an ongoing effort to streamline operations and enhance Meta's capabilities in various applications of AI.
Source: YAHOO