Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race ‘success isn’t a given’
Meta has laid off 10% of its workforce, totaling 8,000 employees, as CEO Mark Zuckerberg emphasizes the importance of AI in the company's future. This restructuring includes moving 7,000 employees into AI-focused roles, reflecting Meta's shift to compete in the AI landscape. Despite the layoffs, Meta reported significant revenue growth in its latest quarterly results, indicating a strong financial position.
- ▪Meta CEO Mark Zuckerberg announced the layoff of 8,000 workers, or about 10% of its workforce.
- ▪The company plans to move 7,000 employees into AI-focused roles as part of its restructuring.
- ▪Meta reported $56.3 billion in revenue for the first quarter, marking a 33% increase year-over-year.
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Meta CEO Mark Zuckerberg has hardened his tone on layoffs. Recommended Video Far from the red-eyed admission of fault he gave when Meta conducted some of its first mass layoffs in 2022, on Wednesday, Zuckerberg dismissed 8,000 workers, or about 10% of its workforce, with a detached-sounding memo that emphasized that “success isn’t a given” in the AI race. As part of the restructuring this week, 7,000 employees were also set to be moved into AI-focused roles, several outlets reported. “AI is the most consequential technology of our lifetimes,” Zuckerberg said in the memo. “The companies that lead the way will define the next generation.” Zuckerberg said in the memo that the company doesn’t expect to conduct any other company-wide layoffs this year.
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