Curated and analyzed by the JobGoneToAI team. Original reporting by financialexpress.com.
Tech Giants Cut Over 35,000 Jobs Amid AI Restructuring Efforts
— financialexpress.com
Key Takeaway
Major tech companies including Meta, Oracle, and Amazon have announced significant layoffs, totaling over 35,000 jobs worldwide, as they restructure to focus on artificial intelligence. Meta specifically laid off around 10% of its Reality Labs division, which had approximately 15,000 employees.
From the Original Report
Companies like Oracle, Amazon, ... have announced layoffs. Meta: In January, the company behind Facebook laid off around 10% of the employees in its Reality Labs division who work on products including the metaverse, as the company shifts priorities to build next-generation artificial intelligence. The segment had around 15,000 employees prior to the job cut, the New York ...
Original Source
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