WIRED - The Latest in Technology, Science, Culture and Business [Unofficial]Meta’s New Reality: Record High Profits. Record Low Morale
https://fed.brid.gy/r/https://www.wired.com/story/meta-layoffs-bad-vibes-mark-zuckerberg-ai/
The Bad PlaceBusiness Latest | Meta’s New Reality: Record High Profits. Record Low Morale by Paresh Dave, Lauren Goode, Steven Levy, Zoë Schiffer
AI generated summary, Read the full article for complete information.
Meta is preparing to cut about 10 % of its workforce—roughly 8,000 jobs—adding to the 25,000 layoffs announced over the past four years, and employees describe the atmosphere as “historically low” morale, with unhappiness widespread except among senior executives. The dip in morale stems from a combination of factors: shrinking compensation (share‑based raises cut for two consecutive years), widening pay gaps, costly AI initiatives, mandatory installation of tracking software that records U.S. staff’s keyboard and mouse activity to train internal AI models, and recent legal setbacks that highlighted the company’s product harms. Workers are protesting the AI surveillance, some are trying to form a UK union with United Tech & Allied Workers, and many hope to be laid off to collect severance and health benefits. While Meta’s ad business continues to generate strong profits—nearly $27 billion in Q1—the company is simultaneously spending billions on AI talent and infrastructure, creating tension between high‑level financial performance and the everyday experience of employees who feel pressured, undervalued, and uncertain about their future.
Read more: https://www.wired.com/story/meta-layoffs-bad-vibes-mark-zuckerberg-ai/
#Meta #AndrewBosworth #UnitedTech #AlliedWorkers #ModelCapability #AppliedAI #aipilled #business #business_artificialintelligence
grepe@tante it's really depressing. i would love to find some sane people around me. the management proudly and loudly says they are "#AIpilled".
today i was on a meeting where people are supposed to discuss their use-cases and experiences with using LLMs and someone mentioned that they tried to do a financial analysis but the chatbot hallucinated all the results including stock prices. then someone told them they can just explicitly ask it to not make anything up and it will be much better. like, the guys are flipping billions of dollars in investments and real people are getting fired because their work now supposedly can be done by tools that you are supposed to nicely ask to pretty please not make anything up... what the actual fuck.
OpenAI and the FDA Are Holding Talks About Using AI In Drug Evaluation
https://fed.brid.gy/r/https://www.wired.com/story/openai-fda-doge-ai-drug-evaluation/
