Meta just told staff it isn't ruling out further layoffs
Business Insider • • business
Key Points:
- Meta plans to lay off around 10% of its staff next month, with the possibility of deeper cuts, according to Chief People Officer Janelle Gale during an internal meeting.
- The layoffs will affect some teams more than others, though specific groups were not identified, and AI token usage will not factor into layoff decisions.
- CEO Mark Zuckerberg emphasized that AI automation is not driving the layoffs, noting that AI has improved efficiency in small teams, and addressed concerns about employee monitoring for AI model improvement.
- Meta is investing heavily in AI, including its Applied AI organization, and CFO Susan Li highlighted a doubling of infrastructure spending to $125-$145 billion this year.
- The company acknowledged the impact of layoffs on employee morale and has extended COBRA healthcare coverage to 18 months to support affected staff.
