Meta reportedly considering layoffs that could affect 20% of the company | TechCrunch
These layoffs could help Facebook's parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring.
Meta is considering major layoffs that could affect 20% or more of the company’s workforce, according to Reuters .
These layoffs could help the Facebook parent company offset its aggressive spending on AI infrastructure , as well as AI-related acquisitions and hiring . Meta employed nearly 79,000 people as of December 31, according to a recent filing.
“This is speculative reporting about theoretical approaches,” a Meta spokesperson said in a statement.
The report comes as many tech companies — most recently Block — have announced sweeping layoffs that they say are necessary as AI automates more work. But some pundits, and even executives like OpenAI’s Sam Altman , have suggested that many of these cuts are “ AI-washing ,” where executives use AI as cover for other issues , such as over-hiring during the pandemic.
The last time Meta announced layoffs of this scale was in November 2022, when it cut 11,000 jobs , followed by another 10,000 in March 2023 .
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