‘Barron’s Roundtable’ panelists discuss three things investors should keep in mind.
Metais preparing a sweeping workforce overhaul tied to its aggressive artificial intelligence push, including plans to move thousands of employees into AI-focused roles while cutting managers. laying off workers this week.
The Facebook parent plans to lay off roughly 10% of its workforce Wednesday as part of a broader restructuring tied to CEO Mark Zuckerberg’s effort to remake the company around AI tools. autonomous agents, according to an internal memo obtained by Reuters.
In the memo circulated Monday, Meta Chief People Officer Janelle Gale said the company plans to transfer roughly 7,000 employees into newAI initiativeswhile eliminating layers of management. flattening organizational structures.
META TO LAYOFF 8,000 EMPLOYEES IN AI INVESTMENT PIVOT
The Facebook parent plans to lay off roughly 10% of its workforce Wednesday as part of a broader restructuring.(David Paul Morris/Bloomberg via Getty Images)
The shake-up, along with previous transfers. role eliminations, will ultimately affect about 20% of Meta’s workforce, according to the memo.
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The company had nearly 78,000 employees as of the end of March, according to securities filings.
The overhaul comes as Meta pours billions into AI infrastructure and tools amid intensifying competition with OpenAI,Googleand Microsoft. The company increasingly wants AI agents to perform tasks now handled by human employees internally, according to Reuters.
Meta had nearly 78,000 employees as of the end of March, according to securities filings.(Nikolas Kokovlis/NurPhoto via Getty Images)
"As org leaders worked on the changes. many of them incorporated AI native design principles into their new org structures," Gale wrote in the memo. "Many orgs can operate with a flatter structure with smaller teams of pods/cohorts that can move faster. with more ownership."
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Some of the employees being reassigned — a process workers reportedly refer to as being "drafted" — are moving into teams like Applied AI Engineering. Agent Transformation Accelerator, groups focused on building AI systems capable of autonomously performing workplace functions.
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Meta has also reportedly closed roughly 6,000 open job postings during the restructuring process – changes. have triggered growing backlash inside the company.
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