job cuts
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Why Meta Is Laying Off Employees While Still Hiring
Meta is reportedly cutting around 600 AI positions despite recent aggressive hiring, raising questions about its AI strategy. The restructuring impacts FAIR, product-related AI, and AI infrastructure units within Superintelligence Labs, aiming to streamline operations and accelerate development after perceived bureaucratic inefficiencies and unmet market expectations for Llama models. While new hires in TBD Labs remain largely untouched, the move signals a shift towards a more focused, application-driven AI strategy. This realignment emphasizes nimbleness and prioritizes new talent, potentially influencing the broader tech industry’s approach to AI investments.
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Microsoft Announces Second Major Layoff This Year, Potentially Affecting 9,000 Roles
Microsoft announced a second major round of job cuts this year, potentially impacting up to 9,000 roles across departments, geographies, and levels. This move aims to streamline operations and reduce costs amidst increasing AI infrastructure expenses and broader industry trends of workforce adjustments. These cuts represent less than 4% of Microsoft’s global workforce.
