Meta chops 8,000 in May layoff spree, and it's only getting worse

https://fed.brid.gy/r/https://www.androidcentral.com/apps-software/meta/meta-chops-8-000-in-may-layoff-spree-and-its-only-getting-worse

Remember, #AI layoffs aren't about LLMs taking over people's jobs. The layoffs are to make room in the budget for the wildly unprofitable pursuit of such technology.

https://www.msn.com/en-us/money/topstocks/meta-begins-ai-driven-layoffs-report-says-can-they-boost-the-struggling-stock/ar-AA23EGM3
#Meta #Facebook #Layoffs #Technology

NPR Topics: News | Meta slashes 8,000 jobs as it pivots towards AI by John Ruwitch

AI generated summary, Read the full article for complete information.

Meta announced a sweeping reorganization that will cut roughly 10 % of its workforce—about 8,000 jobs—in May, while shifting another 7,000 employees onto new AI‑focused teams as the company accelerates its pivot toward artificial intelligence. The move reflects Meta’s effort to catch up with rivals such as OpenAI, Anthropic and Google, as it doubles its capital‑expenditure budget and invests heavily in AI data centers. It comes amid a broader wave of tech‑sector cutbacks and follows Meta’s retreat from its Metaverse ambitions and recent court losses over the harmful impact of its platforms on children’s mental health.

Read more: https://www.npr.org/2026/05/20/nx-s1-5826917/meta-layoffs-ai-jobs

#Meta #OpenAI #Google #MarkZuckerberg #EricaSackin

Al Jazeera – Breaking News, World News and Video from Al Jazeera | Meta cuts 8,000 jobs in sweeping global layoffs

AI generated summary, Read the full article for complete information.

Meta announced a global layoff affecting roughly 10 % of its workforce—about 8,000 employees—implemented in three waves that began early on a Wednesday, while also cancelling plans to hire 6,000 new staff and moving 7,000 current workers into AI‑related roles. The cuts target teams such as integrity, cybersecurity and content design; U.S. employees will receive 16 weeks of severance plus two additional weeks for each year of service. The downsizing coincides with growing morale issues, sparked by an AI‑tracking program that monitors staff for training models, a petition signed by more than 1,500 employees demanding an end to data collection, and reduced compensation, including a $30,000 drop in median total pay. Despite the reductions, Meta is ramping up AI investment through its Superintelligence initiative, projecting capital expenditures of $125‑$145 billion for the year—more than double the 2025 level—while its stock remained essentially flat, up about 0.1 % in midday trading.

Read more: https://www.aljazeera.com/economy/2026/5/20/meta-cuts-8000-jobs-in-sweeping-global-layoffs?traffic_source=rss

#Meta #Facebook #Instagram #Zuckerberg #AI

News Headlines | Behind the Story: Meta jobs, AI and RTÉ at cttee (again)

AI generated summary, Read the full article for complete information.

Meta’s latest round of layoffs threatens around 350 Irish jobs at its Dublin office, sparking renewed worry about AI’s impact on the local labour market; CEO Mark Zuckerberg has warned that 2026 will see AI dramatically reshape the company, “flattening” teams, while ESRI senior researcher Tara McIndoe‑Calder notes that past technological shifts both eliminated and created jobs, predicting growth in caring occupations as Europe ages. At the same time, RTÉ Director General Kevin Bakhurst faced a tough hearing before the Joint Oireachtas Media Committee over funding, pensions and recent presenter‑pay disputes, with host Fran McNulty describing the atmosphere as largely unsympathetic and suggesting more challenges lie ahead. The episode of “Behind the Story” covering these issues is available on the RTÉ Radio Player, Apple and Spotify.

Read more: https://www.rte.ie/news/2026/0520/1574400-behind-the-story/

#Meta #MarkZuckerberg #RT #KevinBakhurst #ESRI #TaraMcIndoe_Calder #FranMcNulty

US Top News and Analysis | Zuckerberg says 'success isn't a given' in memo to employees amid Meta layoffs

AI generated summary, Read the full article for complete information.

Meta CEO Mark Zuckerberg announced in a Wednesday memo that the company will lay off about 8,000 workers—roughly 10 % of its staff—to refocus on artificial‑intelligence initiatives, noting that “success isn’t a given” in the fast‑moving AI space. The memo says roughly 7,000 of those employees will be reassigned to new AI‑focused roles, while teams working on AI infrastructure, foundation models and AI monetisation are expected to be protected. Zuckerberg expressed gratitude to departing staff, acknowledged recent drops in employee morale and culture scores, and pledged clearer communication, while also stating the firm does not anticipate additional company‑wide cuts this year. The move follows earlier layoffs at Meta’s Reality Labs and comes as other tech giants such as Cisco and Microsoft also announce workforce reductions amid the AI boom.

Read more: https://www.cnbc.com/2026/05/20/meta-layoffs-zuckerberg-says-success-isnt-a-given-in-memo.html

#MarkZuckerberg #Meta #CNBC #RealityLabs #OpenAI