More meta job cuts 🫥
"The company told employees in a memo on Thursday that it plans to cut 10% of its workforce —roughly 8,000 staff. It said it will also not fill thousands more open jobs it had been hiring for.
"A key reason for the layoffs is Meta's increased spending in other areas of the company, including AI, for which it will this year spend $135bn (£100bn). This is roughly equal to the amount it has spent on AI in the previous three years combined, according to a person who viewed the memo.
"A spokesman for Meta confirmed the planned job cuts but declined to comment further."
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