Meta on the way to huge layoffs: 20% of workers could lose their jobs due to AI

This, following the company’s use of artificial intelligence that is expected to enable efficiency and its high expenses in the field of AI, which amount to 600 billion dollars for data centers by 2028.

The layoffs are expected to be the most significant for the company since the reorganization it carried out at the end of 2022 and the beginning of 2023, which it called the “year of efficiency”. As of December 31, it employed nearly 79,000 people, according to its latest report.

The company laid off 11,000 workers in November 2022, which is about 13% of its workforce at the time. About four months later, the company announced that it was cutting another 10,000 jobs.

At the beginning of the week, Meta acquired Moltbook, a social network platform designed for artificial intelligence agents. Meta also spent at least two billion dollars in the acquisition of the Chinese artificial intelligence startup Manus, Reuters previously reported.

Zuckerberg hinted at efficiency gains from the investments, saying in January that he was starting to see “projects that used to require large teams are now being done by one very talented person.”

Meta’s plans reflect a broader pattern among large American companies, particularly in the technology space, this year. Executives cited recent improvements in artificial intelligence systems as one of the reasons for the changes.