Meta plans sweeping layoffs
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Meta says that Moltbook's approach to "connecting agents through an always-on-directory" is novel.
Meta is preparing for a significant workforce overhaul in 2026, with sources indicating that up to 20% of its staff could be affected. The move comes as the company increases its
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",
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 signs a $27B five-year AI infrastructure deal with Nebius, second mega-deal in a week, following Nvidia's $2B strategic investment.
Meta Platforms (META) suffered a setback late last week when it reported delays in the launch of its new foundational AI model, Avocado. According to reports, the company’s AI model underperforms leading competitors like Alphabet’s (GOOGL) Google,
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 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.
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Meta mulls 20% workforce reduction as AI costs rise
The company is reviewing cuts as it invests in AI infrastructure and plans for shifts from AI-assisted work.
Meta plans potential layoffs as AI investments rise, with up to 16,000 jobs at risk. AI spending demands cost cuts across Big Tech.
Meta is expanding its AI ambitions with the acquisition of Moltbook, a startup behind a unique social platform designed for AI agents
Meta spokesperson Andy Stone has contradicted claims made in the new Reuters report about a potential 20% layoff announcement coming up ahead.