Meta Layoff Update: After Oracle, Meta is going to walk the path of big layoffs in the technology world. Facebook, the parent company of Instagram, has already said that they will lay off 16,000 workers in the coming days. According to the report, Mark Zuckerburg has decided to reduce this staff to take advantage of artificial intelligence.
When did the retrenchment start?
According to media reports, the company will start the first round of layoffs from next May. Where about 8000 workers will lose their jobs. This decision can be effective from May 20. Basically, this fear has started among the employees after the introduction of AI in the technology companies.
10 percent of workers will be laid off in the world’s tech market
According to the report, the company will lay off 10 percent of its employees in various offices around the world. However, no official confirmation message has been given by Meta authorities in this regard. According to the company’s internal news, the company will lay off about 16 thousand workers before the end of 2026. According to sources, the higher authorities of the organization are now preparing the final layoff list. It is believed that companies will lay off those whose work can be easily done by artificial intelligence.
Zuckerberg to invest $135 billion in AI
Behind these layoffs is Zuckerberg’s huge investment. It is heard that the head of Meta will invest 135 billion dollars in AI this time. He made this decision to make Meta the best AI company in the world. Through this, many data centers, AI chips and AI development centers will be opened.
21 thousand workers were retrenched earlier
This is not the first case of layoffs at Meta. Before that, Zuckerberg laid off about 21,000 workers in 2022 and 2023. Post-Covid, the company now aims to make its organizational structure more integrated and smarter. That’s why companies want to be more dependent on AI.
Panic in the global job market
Recently, the tech company Oracle laid off 12,000 workers in India alone. Around 30,000 workers worldwide are rumored to be laid off. Amazon recently laid off 30,000 workers. That equates to 1 percent layoffs in the world’s tech sector.