The advancement of technology, particularly the emergence of artificial intelligence (AI), has led companies to pour much investments into AI, resulting in mass layoffs since 2025.
As the tech industry continues its restructuring efforts, more companies are announcing job cuts in recent months, with Meta being the latest to report mass layoffs.
In a memo to its employees,Meta on Thursday announced that it will cut roughly 8,000 jobs next monthas it plans to prioritise AI projects. It also said that it is no longer filling thousands of vacant positions it had been hiring for.
The first phase of the mass layoff will commence on 20 May.
The planned layoff is attributed to the company's multibillion-dollar investment in AI systems, including large language models and automation tools.
Reports said the company will spend $135 billion (£100 billion) on the initiative.
In January,Pinterestsaid it would reduce its workforce by 15% this year to shift resources toward building AI capabilities, adding that it is reducing costs so it can free up cash for AI-related jobs and teams, AI-powered products, and to speed up its sales process, according to the company's filing.
In the same month,Amazon said it is cutting 16,000 jobs. Likewise, Dow, Inc, a leading American materials' science company said that it is cutting 4,500 jobs to shift towards artificial intelligence and automation.
Snap, Inc is also eliminating 1,000 roles and more than 300 vacant positions as CEO Evan Spiegel said the restructuring aims to improve efficiency and growth, as well as take advances in AI.
In March,Oracle started its mass layoffto help the company reduce the money it is losing from spending on AI infrastructure.
Source: International Business Times UK
