Meta Cuts 8K Jobs, Betting Big on AI

0:00Metis slashing 8,000 jobs, 10% of his workforce, while shutting down around 6,000 open roles. Chief People Officer Janelle Gail says it's all about running leaner to bankroll their huge AI push. Layoffs hit May 20th. The company's dumping billions into AI infrastructure, with 72.2 billion in capital spending last year and at least 100. 15 billion slated for this year. They're grabbing top talent for a super intelligence lab and snapping up hot startups to keep pace in the race. Tech giants everywhere are trimming crews, betting AI makes teams smaller but sharper. Amazon axed 16,000 jobs earlier this year for efficiency. Block cut over 4,040% of staff warning others would follow. Metis CEO called this the year. AI flips work on his head, turning big squads into solo ax. Zuckerberg hinted at workforce shifts back in January earnings. Shares dropped more than 2% Thursday as news broke.

1:02US workers get 16 weeks base pay, plus 2 weeks per year served, with similar deals abroad. Metis all in AI bet reshapes the game, but at least real folks picking up pieces while the tech keeps evolving. That's your Durham News Today update, AI powered and always on.