Source: International Business Times
As Silicon Valley chases ever more compute, thousands of workers are discovering they have become the line item that makes the numbers add up. Mark Zuckerberg told staff on Meta's latest earnings call that the company plans to cut around 8,000 jobs in May, effectively turning those layoffs into a line item in a $145 billion artificial intelligence funding plan that he says allows 'one or two people' to do work that once required dozens. The cuts were confirmed by Meta's chief financial officer, Susan Li, who told investors the company would 'reduce the size of our employee base' as it pours unprecedented sums into AI data centres, chips and cloud infrastructure.
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