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Meta Plans 20% Layoffs To Divert Capital To Data Centers
Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar...
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