Meta Platforms is laying off approximately 8,000 employees. This reduction represents about 10% of the company's global workforce. Meta is also closing 6,000 open positions. The company is reassigning 7,000 workers to newly formed artificial intelligence teams.
Meta is committing over $100 billion to AI development this year. The reorganization aims to free up capital for these substantial investments. Senator Bernie Sanders criticized the move, citing concerns over the impact of AI on the broader workforce.