Meta to Lay Off 5% of Workforce as Zuckerberg Prioritizes AI Development

Meta to Lay Off 5% of Workforce as Zuckerberg Prioritizes AI Development
Mark Zuckerberg announced that Meta will lay off 5% of its employees, targeting its lowest performers. This decision, impacting around 3,600 workers, aims to bolster the company's focus on artificial intelligence advancements. The layoffs will be conducted through a thorough evaluation process, allowing employees time and severance packages before their termination. Meta, which currently employs 72,000, is optimistic about 2025 and plans to fill the vacated roles with new talent. The company has already achieved 500 million users for its AI services and is developing a dedicated AI search engine.