Is it insight into what is to come?
Meta is laying off 5% of its workforce. This is a continued trend across tech. Why is it happening when business is booming?
Perhaps tech companies are implementing AI and receiving the benefits.
Is it insight into what is to come?
Meta is laying off 5% of its workforce. This is a continued trend across tech. Why is it happening when business is booming?
Perhaps tech companies are implementing AI and receiving the benefits.
5% doesn't feel like a lot to be honest... With AI advancement, even at its current stage, a company could lay off 50% of itself and still function properly.
This is just another layer. They laid off a bunch in 2024. We also have to keep in mind that the funcationality of AI is still rather limited. By this time next year, the layoff might be 20%.
That's why I said 50% and not 90%!