Connect with us

    Hi, what are you looking for?

    Tech

    8,000 Jobs Gone: Meta Bets Everything on Artificial Intelligence

    Meta
    Meta

    Meta Platforms has laid off about 8,000 employees as part of a sweeping restructuring aimed at transforming the tech giant into an artificial intelligence-focused company.

    8,000 Jobs Gone: Meta Bets Everything on Artificial Intelligence

    Mark Zuckerberg

    The layoffs, which account for nearly 10 per cent of Meta’s global workforce, affected employees across Asia, Europe, and the United States, with staff reportedly receiving termination notices via email.

    Read Also: Meta Reveals Shocking Impact on Nigeria’s Economy as 14 Million SMEs Use WhatsApp, Facebook, Instagram to Drive Business Growth

    The company also reassigned about 7,000 workers to new AI-related projects as part of its broader organisational overhaul under Chief Executive Officer Mark Zuckerberg.

    Zuckerberg has consistently described artificial intelligence as the most important technology shaping Meta’s future and has pushed aggressively to position the company at the forefront of the global AI race.

    According to reports, the restructuring has generated anxiety among employees, with concerns growing over job security and the increasing deployment of AI systems within Meta’s operations and training processes.

    Some workers were also said to have questioned internal data collection practices linked to AI development, while petitions reportedly circulated within company offices calling for greater transparency regarding employee data usage.

    Despite the layoffs, Meta is significantly increasing investment in artificial intelligence infrastructure, research, and product development.

    The company plans to spend more than 100 billion dollars this year on AI-related initiatives as competition intensifies among global technology firms.

    Zuckerberg defended the restructuring, saying companies that lead in artificial intelligence would shape the next generation of digital services and technology innovation.

    Also Read: Meta shares plunge 10% as investors question AI spending spree

    He acknowledged concerns among employees but maintained that the transition was necessary to ensure Meta’s long-term competitiveness.

    Affected workers are expected to receive severance packages including several months of salary and additional compensation based on their years of service.

    Industry analysts say the development reflects a broader trend in the technology sector, where companies are reducing traditional roles while expanding investments in artificial intelligence, automation, and advanced computing systems.

    Loading

    Spread the love
    Frank
    Written By

    Franklin Ugo Ndibe is a seasoned Nigerian journalist and media professional renowned for his incisive reporting and editorial leadership in the information and communications technology (ICT) sector.

    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Opinion

    Socio-Economic Rights and Accountability Project (SERAP) has called on the leadership of the National Assembly to investigate the alleged allocation of more than ₦1.3...

    News

    Zedvance Finance Limited has appointed Professor Pius ‘Deji’ Olanrewaju as Chairman of its Board of Directors, effective July 1, subject to the approval of...

    News

    Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a 67-year-old Nigerian-British grandmother, Mrs. Mary Yetunde Barek, for allegedly attempting to smuggle...

    Entertainment

    U.S. President Donald Trump is reportedly considering granting presidential pardons to several high-profile convicts, including music mogul Sean “Diddy” Combs and Grammy-winning rapper Prakazrel...