This says 20% reduction. So it could be bigger than Covid cuts.
Appropriate1987 on
So many AI layoffs. Glad my job is immune to that for now.
jimbojsb on
So they hope it might create efficiencies. But in reality, they can’t afford the staff and the data centers at the same time.
ChipOnASquid on
ya don’t say.
perilous_times on
I feel like a lot of these companies had some poor business planning around AI. They went all in on it but underestimated the cost and speed of development.
Edward_Zachary on
AI causing job loss after all, just not the way they were hoping lmao
sentencevillefonny on
I was laid off last month (@Meta on an AI related project)…we literally JUST had layoffs. This is wild…but there was definitely that weird aura that everything around was falling apart
Damn8ti0n on
I have friends who were just hired there after
Months of job hunting. What is the point of not enacting a hiring freeze if you’re just going to lay people off.
AmethystOrator on
> If Meta settles on the 20% figure, the layoffs will be the company’s most significant since a restructuring in late 2022 and early 2023 that it dubbed the „year of efficiency.“ It employed nearly 79,000 people as of December 31, according to its latest filing.
> The company laid off 11,000 staffers in November 2022, or around 13% of its workforce at the time. Around four months later, it announced it was cutting another 10,000 jobs.
Just more „efficiency“, nothing to see here. /s
Ihor_90 on
Article mentions Amazon as an example of layoffs due to AI but just a couple days ago Amazon said they were reviewing their AI use and that junior/mid level software engineers would need seniors approval before merging AI generated changes. This of course follows a series of outages across their services.
thegooddoktorjones on
It’s just so efficient that it’s killing us.
SpiderSlitScrotums on
If they need to raise money they could start selling all the hardware they’ve been hoarding.
ryuzaki49 on
Are all these companies in a hiring freeze?
Worldly_Expression43 on
The layoffs will continue until morale improves
Bushwazi on
As AI costs mount, your supposed to realize *it’s* too expensive
midwestia on
About to be a lot of “ex meta” people in LinkedIn, like that’s some badge of honor anyway.
AiDigitalPlayland on
Not a recession.
jetsonian on
AI is the next “metaverse” but they managed to get every tech company to bet it all.
fredandlunchbox on
Maybe they shouldn’t have paid a 28 year old $14B.
Forsaken_Celery8197 on
And another year of record profits im sure.
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21 Kommentare
So this is how meta dies
This says 20% reduction. So it could be bigger than Covid cuts.
So many AI layoffs. Glad my job is immune to that for now.
So they hope it might create efficiencies. But in reality, they can’t afford the staff and the data centers at the same time.
ya don’t say.
I feel like a lot of these companies had some poor business planning around AI. They went all in on it but underestimated the cost and speed of development.
AI causing job loss after all, just not the way they were hoping lmao
I was laid off last month (@Meta on an AI related project)…we literally JUST had layoffs. This is wild…but there was definitely that weird aura that everything around was falling apart
I have friends who were just hired there after
Months of job hunting. What is the point of not enacting a hiring freeze if you’re just going to lay people off.
> If Meta settles on the 20% figure, the layoffs will be the company’s most significant since a restructuring in late 2022 and early 2023 that it dubbed the „year of efficiency.“ It employed nearly 79,000 people as of December 31, according to its latest filing.
> The company laid off 11,000 staffers in November 2022, or around 13% of its workforce at the time. Around four months later, it announced it was cutting another 10,000 jobs.
Just more „efficiency“, nothing to see here. /s
Article mentions Amazon as an example of layoffs due to AI but just a couple days ago Amazon said they were reviewing their AI use and that junior/mid level software engineers would need seniors approval before merging AI generated changes. This of course follows a series of outages across their services.
It’s just so efficient that it’s killing us.
If they need to raise money they could start selling all the hardware they’ve been hoarding.
Are all these companies in a hiring freeze?
The layoffs will continue until morale improves
As AI costs mount, your supposed to realize *it’s* too expensive
About to be a lot of “ex meta” people in LinkedIn, like that’s some badge of honor anyway.
Not a recession.
AI is the next “metaverse” but they managed to get every tech company to bet it all.
Maybe they shouldn’t have paid a 28 year old $14B.
And another year of record profits im sure.