Warning: Meta laying off 10 percent of workforce amid AI tech takeover
Warning: Meta laying off 10 percent of workforce amid AI tech takeover
Meta is planning to cut about 10 percent of its workforce — that’s roughly 8,000 people — and eliminate another 6,000 open roles. And they’re doing it while pouring tens of billions into artificial intelligence. That alone tells you this isn’t about a struggling company. In fact, revenue is up.
And Meta isn’t alone.
At Block, led by Jack Dorsey, the co-creator of Twitter, the cuts are even more aggressive — earlier this year, the company laid off about 40 percent of its staff. And Dorsey is being unusually direct about why.
“A significantly smaller team, using the tools we’re building, can do more and do it better,” he said. “And intelligence tool capabilities are compounding faster every week.”
That’s not corporate spin. That’s a warning.
For years, the tech industry operated on one assumption: growth meant more people. More engineers, more managers, more layers. But now,........
