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Meta to Cut 8,000 Jobs Amid $145 Billion AI Infrastructure Investment Backed by Record Profits

On May 20, Meta will initiate layoffs affecting about 8,000 employees, marking the largest workforce reduction since its 2023 restructuring. This move highlights CEO Mark Zuckerberg’s strategic focus on investing heavily in AI infrastructure, prioritizing technological advancement over workforce retention. Additionally, Meta is halting recruitment for 6,000 open positions, underscoring a shift in resource allocation towards AI development.

The Next Web
The Next Web