According to Bloomberg, Meta confirmed it will lay off 8000 employees. That said, what should you know about it?
“2026 will be the year of efficiency” - Mark Zuckerberg
For your information, Meta will also not fill 6000 of the company's current positions. As with many tech companies, AI is leading to layoffs to cover the costs of building data centres and to replace tasks that could be automated. Meta CEO Mark Zuckerberg said last year that 2026 would be the company's "year of efficiency."
In addition, Meta was expected to lay off employees involved in the metaverse and mixed-reality headsets. Although the company changed its name to Meta in 2021, AI is now the company's primary focus and no longer the metaverse.
Moreover, the XR game development studio was shut down, with Meta also announcing that access to Horizon Worlds using Quest would be discontinued. This plan was later scrapped after receiving negative feedback from players.
Furthermore, Meta is set to spend tens of billions to build its latest AI model to compete with Google, Anthropic, and OpenAI. But Meta's efforts have been somewhat hampered after the new model failed to meet its targets and the loss of chief researcher Yann Le Cun, who resigned to start his own company this year.
Stay tuned to TechNave.com for more updates like this.
COMMENTS