Meta's AI Overhaul: Mass Layoffs & Job Shifts

0:00It's April 17th. Canada News Today starts now, AI-powered and ready. Metta's gearing up for its first big round of layoffs this year on May 20th was sources saying more cuts are coming later in the second half. They're eyeing around 20% or more of their global workforce, though execs might tweak plans based on how AI tech evolves. This all ties into CEO Mark Zuckerberg pouring hundreds of billions into artificial intelligence to overhaul the company. It's part of a wider tech wave, where firms like Amazon's last 30,000 corporate jobs about 10% of white collar staff and block cut. Nearly half its team, all linked to AI-driven efficiency, folks are feeling the pinch across the sector, with layoffs.fi eye tracking over 73,000 job losses so far this year after one, 153,000 in 2024. Metta still employs nearly 79,000 people as of late last year, and their shares are up almost 4% since January, backed by over, 200 billion in revenue, and 60 billion profit

1:04last year. Recently, they've shuffled teams in reality labs, moot engineers to a new applied AI group for building smart agents that code and handle tasks, solo, and shifted some staff to the fresh Metta Small Business Unit. As AI keeps reshaping tech giants like Metta, keep an eye on how these moves play out for jobs and innovation down the line.