Meta is expected to begin cutting about 8,000 jobs this week as it pours more money into AI infrastructure and looks to "offset" other investments, with additional layoffs reportedly possible later this year. According to CNBC, the morale has worsened inside the company. "Internally, there's an emerging sense of dread across wide swaths of the company," the report says, citing current and former Meta employees. "That's in part because more cuts are expected this year, including a potential round of layoffs in August, followed by another round later in the year, some of the sources said." From the report: [...] Whatever anxiety investors are experiencing, the feelings inside the company are more intense, with some longtime staffers questioning Meta's AI pursuits under AI chief Alexandr Wang, while also weighing if now is the time to leave for opportunities at other companies in the AI race, according to current and former employees. Data aggregated by Blind, an anonymous professional network that requires users to verify their employment with a work email address, reveals some of the internal malaise. Meta's overall rating by employees on Blind has declined 25% from a peak in the second quarter of 2024 to the current period, with a 39% drop in its culture rating. In every category other than compensation, Meta has seen a ratings decline and dramatically underperforms rivals Amazon, Google and Netflix, the Blind data reveals....
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