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NBC News Top Stories | Meta says it will lay off 10% of its workforce by Rob Wile, Emily Lorsch

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Meta announced it will cut about 8,000 jobs—roughly 10% of its roughly 78,000‑strong workforce—and eliminate another 6,000 open positions as it seeks to offset the cost of doubling its AI investment to $135 billion in 2026 (up from $72 billion last year). In an internal memo, chief people officer Janelle Gale said the reductions are needed to run the company more efficiently and to balance other investments, acknowledging the difficult trade‑off of letting go of employees who have contributed meaningfully. While the cuts are not directly tied to AI replacing roles, they reflect broader industry pressure, as tech giants like Microsoft and Amazon also scale back hiring or offer buyouts after massive AI‑related spending, prompting investors to scrutinize whether such AI bets will ultimately pay off.

#Meta #JanelleGale #NASDAQ

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

Meta says it will lay off 10% of its workforce

Facebook parent Meta is planning to lay off approximately 8,000 employees and eliminate another 6,000 open roles as it seeks to reduce costs.

NBC News