Meta CEO Zuckerberg Explains Layoffs, Cites AI Costs and Capital Spending
Meta CEO Mark Zuckerberg has explained the company's recent layoffs, attributing them to increased capital spending and investments in artificial intelligence. He also stated that he would not rule out the possibility of further job cuts.
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Zuckerberg Reportedly Attributes Meta Layoffs To Increasing AI Costs - Forbes
Zuckerberg Reportedly Attributes Meta Layoffs To Increasing AI Costs Forbes
Read full article →Meta just told staff in an internal meeting that it isn't ruling out further layoffs
Meta CEO Mark Zuckerberg. Tom Williams/CQ-Roll Call, Inc via Getty Images Meta previously announced it will cut 10% of its staff next month. Meta's HR chief told staff in a meeting that she can't promise further layoffs won't happen. She added that the business is strong and acknowledged that morale has been affected at Meta. Meta plans to lay off around 10% of its staff next month, and it told staff it's not ruling out deeper cuts. That's what Janelle Gale, Meta's chief people officer, tol...
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Read full article →Mark Zuckerberg on Meta layoffs: ‘If we invest more in one area, we have less capital for others’
Read full article →Alphabet soars as Meta stumbles over AI costs - The Daily Star
Alphabet soars as Meta stumbles over AI costs The Daily Star
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