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On April 18, Cailian Press reported that Meta is poised to carry out its first substantial round of layoffs this year on May 20. This move is set to impact roughly 10% of its global workforce, equating to nearly 8,000 employees. Concurrently, Meta is also considering additional layoffs in the latter half of this year. The precise timing and scale of these further layoffs remain undecided and may hinge on the progress made in developing artificial intelligence capabilities. In recent times, Meta has consistently ramped up its investment in the AI field. It is projected that its capital expenditures will surge by 60% to 88% in the current fiscal year, with the majority of these funds being allocated to establishing the necessary computing power for AI.
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