Meta cuts 10% workforce

Meta, the parent company of Facebook and Instagram, has announced a significant restructuring effort, cutting 10% of its workforce. This move is part of the company's push to invest more in artificial intelligence (AI). According to CNBC Tech, about 8,000 employees will be laid off. This decision is expected to have a significant impact on the development and maintenance of Meta's AI tools, including its chatbots and content moderation systems.

The layoffs are also expected to affect the company's AI research initiatives, which have been a key focus area for Meta in recent years. As reported by CNBC Tech, Meta has been tracking employee keystrokes and mouse clicks on popular sites like Google, LinkedIn, and Wikipedia as part of an AI training initiative. This data collection effort is likely to be impacted by the layoffs, which could slow down the development of Meta's AI tools.

The impact of these layoffs on the competitive landscape of AI tools is also significant. With Meta reducing its workforce, other companies like Google and Microsoft may see an opportunity to poach talented AI researchers and engineers. This could lead to a shift in the balance of power in the AI tools market, with companies that are able to attract and retain top talent gaining a competitive advantage.