"Meta's chief people officer, Janella Gale, stated that the layoffs are part of a continued effort to run the company more efficiently and offset other investments being made."
"The memo indicated that the company is investing heavily in AI, with plans to spend up to $135 billion, and mentioned tracking employees' mouse movements and keystrokes for AI training."
"Meta will provide a generous severance package for laid-off employees, including 16 weeks' base pay and health coverage for 18 months, acknowledging the difficulty of the decision."
Meta is laying off around 8,000 employees, which is about 10% of its workforce, as part of a strategy to enhance efficiency and manage heavy spending on AI. The company will also close 6,000 open roles. The layoffs are attributed to the need to offset investments in AI, with plans to spend up to $135 billion on AI initiatives. A generous severance package will be offered to affected employees, including 16 weeks' base pay and health coverage for 18 months.
Read at Fast Company
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