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Sources: Meta plans sweeping layoffs that could affect 20% or more of the company, amid mounting AI infrastructure costs; it had ~79,000 employees as of Dec. 31

Meta (META.O) is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters

Reuters

Discussion

  • @signulll @signulll on x
    the zirp era created a weird implicit social contract which was that if the company is healthy then jobs were safe. that contract is now gone. the replacement is closer to the old industrial logic which is that labor is a cost to be minimized at every point in the cycle & now [im…
  • @krishnanrohit Rohit on x
    If they keep cutting 20% like this they can only do it 4 more times [image]
  • @beffjezos @beffjezos on x
    GPUs are replacing the middle managerial laptop class
  • @qcapital2020 @qcapital2020 on x
    If this $META news is confirmed, Zuckerberg has fully evolved into a certified killer. Making bold, uncomfortable calls at a $200 B revenue scale as if you're still a startup fighting for survival is incredibly ballsy.
  • @neilcybart Neil Cybart on x
    This is a wacky way to run a company. Crazy spending followed by layoffs followed by crazy spending followed by layoffs. No way that leads to great company culture.
  • @dseetharaman Deepa Seetharaman on x
    @Reuters “This is speculative reporting about theoretical approaches,” Meta spokesperson Andy Stone said in response to questions about the plans.
  • @anarcish @anarcish on bluesky
    The entire AI infrastructure bubble really hinges on the price of electricity which is gonna make things get ever funnier even faster.  [embedded post]
  • @jazzyjams Jamie on bluesky
    Meta is one company I've seen hire throughout all these mass layoffs (including their own) so idk what to think [embedded post]
  • @highway62 @highway62 on bluesky
    *laughs in Metaverse*  —  These idiots are pivoting to vaporware, a future that is too expensive to build for the current iteration of technology, and maybe even physics.  —  Maybe this will be currency leveler that is so desperately needed.  [embedded post]
  • @clairezagorski @clairezagorski on bluesky
    Waiting for the GenAI cult members in tech to get laid off and start writing too-long Substack posts about how they *might* have actually been wrong [embedded post]
  • @edzitron.com Ed Zitron on bluesky
    Brutal stuff.  The hyperscalers are a death cult now.  Meta has burned $100bn+ on nothing and human beings will suffer for it [embedded post]
  • @breakify @breakify on bluesky
    I don't see how the AI scam doesn't end in collapse.
  • @fabiochiusi Fabio Chiusi on bluesky
    “Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly AI infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers”  —  www.reuters.com…
  • @anarchoterran @anarchoterran on bluesky
    Greedy Zuckerberg to Shitcan Workers to Compensate for His Poor Decisions  —  www.theguardian.com/technology/ 2...
  • @sungkim Sung Kim on bluesky
    When a company announces a massive investment in AI infrastructure, this usually follows:  —  www.reuters.com/business/wor...
  • @seanokane Sean O'Kane on bluesky
    “This is speculative reporting about theoretical approaches,” Meta spokesperson Andy Stone told Reuters.  —  Which is not a denial  —  www.reuters.com/business/wor...
  • @c0up @c0up on bluesky
    The layoffs will continue until the sUpErInTeLliGeNcE improves [embedded post]
  • @tcarmody Tim Carmody on bluesky
    Not everybody is going to make it [embedded post]
  • @jeffhorwitz Jeff Horwitz on bluesky
    Don't know why reporting on things like this always come together on a Friday, but... Meta is planning large scale job cuts against the backdrop of AI spending / capacity.  —  Exclusive: Meta planning sweeping layoffs as AI costs mount - www.reuters.com/business/wor...
  • r/bayarea r on reddit
    Meta is planning sweeping layoffs that could affect 20% or more of the company
  • r/DevelEire r on reddit
    Meta reportedly plans sweeping layoffs as AI costs increase.  Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech.
  • r/stupidpol r on reddit
    Meta reportedly plans sweeping layoffs as AI costs increase
  • r/BetterOffline r on reddit
    Meta planning sweeping layoffs as AI costs mount
  • r/news r on reddit
    Meta planning sweeping layoffs as AI costs mount
  • r/wallstreetbets r on reddit
    Zuck might be cucking 1/5th of his staff soon.  Adjust your Put Calls accordingly
  • r/OculusQuest r on reddit
    Meta planning sweeping layoffs as AI costs mount
  • r/technology r on reddit
    Meta planning sweeping layoffs as AI costs mount
  • r/StockMarket r on reddit
    Meta planning sweeping layoffs as AI costs mount
  • @gedeonm@mastodon.social Ged Maheux on mastodon
    Why anyone in their right mind would want to work at Meta is beyond me. https://www.reuters.com/...
  • @joshsternberg.com Josh Sternberg on bluesky
    Meta about lay off about 20% of its staff, which will be about 16,000 people.  This comes off after the 20K+ people it laid off in 2022/2023.  —  Zuck said then, ""I got this wrong, and I take responsibility for that.  Zuck/execs faced zero accountability.  —  www.reuters.com/bus…