Meta's AI Pivot: Layoffs and Restructuring

0:00It's April 17th. Welcome to U.S. News Today, powered by AI. I'm Corey with the story. Metta's gearing up for a big round of layoffs, hitting as early as May 20th, with sources saying more cuts are coming later this year. They're planning to slash jobs across the board, though exact numbers for the follow-ups aren't locked in yet. Executives are watching AI progress closely, and might tweak the plans based on that. CEO Mark Zuckerberg's pouring hundreds of billions into AI to overhaul how the company runs, part of a wider tech trend. Workers are feeling the squeeze, with over 73,000 tech jobs gone so far this year according to layoffs.fi. Amazon cut 30,000 corporate roles recently, about 10% of its white-collar staff, and block acts nearly half its team, all linked to AI efficiency boosts. Metta's shuffling teams, too, moving engineers into a new applied AI group for autonomous agents and some into a fresh, small business unit. The companies got nearly 79,000 employees now, after posting over 200 billion in revenue last year.

1:06This AI pivots reshaping big tech, and it'll be interesting to see how these changes play out for everyone involved.