🚀 Check out this insightful post from TechCrunch 📖
📂 Category: AI,Social,In Brief,Layoffs,Meta
📌 Here’s what you’ll learn:
Alexander Wang, Meta’s chief artificial intelligence officer, wrote in a memo to employees on Wednesday that the company would cut about 600 jobs from its superintelligence lab, according to a report by Axios.
Meta declined to comment, but told TechCrunch that Axios’ reports are accurate.
While Meta, OpenAI, Anthropic, Google and other companies race to build the most powerful AI systems, Meta has had a busy summer on the hiring front. The company has poached more than 50 researchers from its competitors by offering multimillion-dollar salary packages, although OpenAI CEO Sam Altman claimed that “none of [OpenAI’s] The “best people” took offers.
“By reducing the size of our team, fewer decision-making conversations will be needed, and each person will be more burdened and have greater scope and influence,” Wang wrote in the memo to employees.
This line of thinking follows Meta’s recent “Year of Efficiency” — a more correct way to describe the company’s mass layoffs. At the time, Meta CEO Mark Zuckerberg told employees that “smaller is better.”
Now, it appears that Meta is not cutting its overall headcount so much, but rather reorganizing its efforts. The company claims that most of these people affected today should be able to find another job within Meta.
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