-- Meta Platforms (META) intends to eliminate roughly 8,000 jobs, or 10% of its workforce, in an attempt to boost efficiency and offset significant spending on artificial intelligence, Bloomberg reported Thursday, citing a memo the company sent to employees.
The layoffs will take place May 20, and the tech giant also said it won't hire workers to fill 6,000 roles it had intended to fill, the report said, citing the memo.
Meta didn't immediately reply to a request for comment from.
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