| Meta Platforms began its final round of recent layoffs today, impacting an estimated 6,000 employees as part of its "Year of Efficiency" initiative. The Facebook parent company announced plans to cut 10,000 positions in April and May, alongside its increased investment in generative AI. The status of Meta's AI employees remains uncertain. - In announcing the layoffs in March, Mark Zuckerberg said Meta's single largest investment is advancing its artificial intelligence and building AI "into every one of our products."
- Meta also recently formed a "top-level product group" that's focused on generative AI technologies, specifically, building experiences around AI technology.
- Zuckerberg aims to make Meta a leader in generative AI by incorporating AI-generated content into consumer products.
Job reductions: - Despite
its ongoing investment in AI, Meta continues to reduce its workforce,
with the latest round primarily affecting its ad sales, marketing, user
experience, recruiting, and partnership teams.
- The job cuts bring the total to around 21,000 since November, reducing Meta's global workforce by 25%.
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