Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles

CEO Mark Zuckerberg has besides warned employees astir much specified occupation cuts this twelvemonth to "raise the bar" connected show management, the spokesperson said.

The Facebook genitor had a full workforce of much than 72,000 arsenic of September 30.

Many tech companies, including Cisco and IBM , person been looking to redirect investments into artificial quality technology. Meta has besides poured billions into AI-related infrastructure, with its expenses expected to turn this year.

Zuckerberg had besides called 2023 the "Yea...