The next round of Meta layoffs began this week, with an estimated 5% staff reduction count topping out around 4,000 people. Many employees received notification earlier this week, giving them an hour to assemble any last-minute correspondence before access was cut off.
Hot on the heels of the layoff is news that Meta is rapidly rehiring many of these positions, per Business Insider, pivoting them to AI development. Meta's latest earnings show it's still mainly an ad-driven company, with over 3.3 billion people being served ads in some capacity across the company's many platforms. AI, it's said, will be the next major way to deliver ads in a more profound, personalized way.
