Artificial Intelligence’s ‘Negative Impact’ On Working People: Meta Chief Mark Zuckerberg Says AI Costs ‘Contributed To Layoffs Of 8,000 Staffers’
Antonio Pequeño IV at Forbes reports Meta Chief Mark Zuckerberg acknowledged his company’s spending on Artificial Intelligence (AI) has contributed to layoffs at Meta, according to a recording of an internal meeting reported by The Wall Street Journal. Zuckerberg said “compute and infrastructure” and “people-oriented things” were the main drivers of cost at Meta, acknowledging the company’s increasing investments in AI and saying “that means that we do need to take down the size of the company somewhat,” according to The Journal. Meta is slated to reduce its workforce by 10% soon, cutting 8,000 Employees to offset its spending on AI, according to multiple outlets. Zuckerberg also told Employees Meta could reduce team sizes to take into account the speed and efficiency of AI tools to take care of work, noting: “If a team used to take fifty or one-hundred people and now it takes ten, having fifty or one-hundred people on that team can actually be counterproductive going forward so I think we need to fix that.” Meta’s job cuts are slated to begin on May 20th as the company also ditches plans to fill 6,000 open roles.
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