Meta to Lay Off 8,000 Employees Amid Massive AI Investment Shift

Washington D.C. Meta, the parent company of social media giant Facebook, plans to lay off approximately 8,000 employees. In a memo sent to staff on Thursday, the company stated that nearly 10 percent of its total workforce would be cut. The announcement comes as the company aggressively increases spending in the field of Artificial Intelligence (AI). According to the memo, the company will also no longer fill thousands of vacant positions. The primary reason for this decision is the rising investment in AI projects. Sources indicate that Meta is preparing to spend approximately $135 billion on AI this year, an amount...