Meta cuts 8,000 jobs as it funds AI push (opens in new tab)

Meta Platforms began laying off about 8,000 employees on May 20, eliminating roughly 10% of its global workforce as part of a restructuring tied to artificial-intelligence investment and cost controls. The Facebook, Instagram and WhatsApp parent told affected employees the cuts were part of a “continued effort to run the company more efficiently” and would help “offset the other investments” Meta is making. Meta also is moving more than 7,000 employees into AI initiatives and has canceled pla...