Meta's AI plans encounter hurdles
Meta plans to execute an organizational transformation heavily reliant on artificial intelligence to restructure work teams and reduce costs, potentially cutting up to 60% of its staff. This initiative is part of a strategy to embed AI primarily into daily operations, reassign some employees to new roles, and facilitate dismissals of others. The previously announced layoff plans from November were canceled after laying off 10% of employees in May. The company is also strengthening its approach to using AI in product development and introducing new generative models, with a focus on cost reduction and redesigning managerial structures.
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