Meta Layoffs Update: In today’s time, the technology which was created to help humans, is now becoming a threat to the jobs of many people. After big companies like Amazon, IBM and Efsys, now Meta is also witnessing massive layoffs due to AI.

Layoffs started from Singapore

Meta has started laying off employees from its Asian hub Singapore. The company is working on a plan to reduce approximately 8 thousand positions worldwide. This step has been taken to reduce expenses and invest heavily in AI. Today, on 20th May, Singapore employees were informed about this through email at 4 am.

Layoffs in Starbucks, jobs from Vice President to Manager removed, hundreds of employees furloughed

After this, the process of receiving notifications has also started for the employees of Europe and America. The affected employees have been asked to work from home for the time being. These layoffs are especially impacting the engineering and product teams.

Big investment on AI, impact on jobs

Let us tell you that Meta is planning to spend more than 100 billion dollars on AI this year. Also, the company’s focus is now on AI-first structure, due to which major changes are being made in the organization. Along with this, the company has formed four new AI-native teams and the management layer is also being shortened so that decisions can be taken faster. This change is expected to save the company about $3 billion every year.

increasing pressure on employees

These layoffs are affecting the technical and engineering teams the most. Singapore is an important center of Meta in Asia, hence the impact was seen here first. There is a constant fear of losing jobs among many employees, which is affecting their work and mental state. Some employees have also raised their voice against this decision of the company.

Gold is gaining the speed of rocket while silver gives a sigh of relief, know today’s gold and silver price

Mark Zuckerberg’s AI focus

Mark Zuckerberg has made AI the biggest priority of the company. Meta is now rapidly investing in AI to compete with companies like Google and OpenAI. The company is also encouraging engineers to increase the use of AI tools. At the same time, some employees are worried that their data can be used for AI training.

If we talk about whether the company can do further retrenchments, then according to reports, this retrenchment is a part of the already ongoing re-structuring of Meta. There may be further reduction in the coming time, however, official information about this has not been given yet.