Meta reportedly plans job cuts
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If Meta really does lay off 20% of its staff, it would represent the most significant cuts at the company since late 2022 and early 2023, when it embarked on what became known as a “year of efficiency.” It cut more than 11,000 staff in November 2022, representing about 13% of its workforce. Four months later, it let another 10,000 workers go.
Meta signs a $27B five-year AI infrastructure deal with Nebius, second mega-deal in a week, following Nvidia's $2B strategic investment.
Meta says that Moltbook's approach to "connecting agents through an always-on-directory" is novel.
Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to artificial intelligence infrastructure from cloud provider Nebius Group NV.
By Katie Paul, Jeff Horwitz and Deepa Seetharaman NEW YORK/SAN FRANCISCO, March 13 (Reuters) - Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters,
Meta, the owner of Instagram and Facebook, has bought Moltbook, a social media networking platform for artificial intelligence (AI) bots to speak to each other. The deal will move Moltbook's team into Meta's Superintelligence Labs and bring "new ways for AI agents to work for people and businesses",
Meta Platforms Inc. plans to deploy four new generations of its in-house artificial intelligence chips by the end of 2027 to help power its rapidly expanding AI workloads.
Meta is expanding its AI ambitions with the acquisition of Moltbook, a startup behind a unique social platform designed for AI agents
The delayed timeline comes even as the company invests heavily to expand its AI ambitions, including a roadmap for building its own chips.
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Meta layoffs could save up to $8B: JPMorgan, BofA, Jefferies are bullish — what about retail?
While the cuts would only make a small dent in its planned 2026 expenses, they are meant to protect margins, analysts say.
NEW YORK/SAN FRANCISCO >> 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 artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
Meta is considering job cuts that could affect 20% or more of its workforce, Reuters reported citing three sources familiar with the matter. The sources revealed the company is reviewing reductions as it spends on AI infrastructure and anticipates changes from AI-assisted work.