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In front of Meta the latest round of many people will lose their jobs tomorrowSome employees are leaving offices, leaving their jobs, and increasing potential layoffs in the near future, multiple people at the company tell WIRED.
Two employees describe the rush to use the variable benefit of $2,000 a year, which can cover many expenses including health and wellness. A special $200 credit toward the purchase of audio equipment has fueled the debate over the purchase of Apple AirPods and other headphones. Another source says that Meta’s offices have not been empty this week, as people prioritize clearing their records and getting together to enjoy what may be their last time as friends. Employees are varying degrees of “paralyzed,” “cold,” and “frightened,” sources say.
Meta plans to lay off about 10 percent of its roughly 80,000 employees on Wednesday, with notices going to employee and company email addresses at 4 p.m. local time, according to a statement the company sent Monday. The cuts come at a time when the social media giant behind Instagram, WhatsApp, and Facebook is enjoying huge profits.
But CEO Mark Zuckerberg insists that the company needs to free up money to use the AI data center, and that Meta can do better with fewer employees thanks to AI technology that augments the work of humans.
Meta did not immediately respond to a request for comment. The company has been experiencing three previous phases since 2022, including as part of Meta”fast year” run in 2023. But even though the latest round is smaller than most, it is in focus because it comes at a time when people are worried. The impact of AI on work.
Inside Meta, the impending cuts are among a series of issues that have deepened tensions, according to 16 current and former employees. he recently spoke to WIRED. Employees are also frustrated because they are “recruited” to the new AI team without a choice as well the release of the monitoring program which targets US laptop users to train AI models.
Meta is also planning an internal overhaul of how it runs many operations, moving the remaining 7,000 employees to “AI initiatives” and turning many managers into personal assistants. That would bring the total number of those affected – either out of a job or outsourced – to 20 percent of the current workforce, Reuters reported. report on Monday. WIRED confirmed this independently. Some areas of the company were told they were not affected at all.
But in recent days, employees who want to make the change have shared a list of benefits they will receive, and are keeping documents such as performance reviews and salaries, according to one employee. Some groups meet in bars and restaurants near Meta’s offices in New York and Menlo Park on Tuesdays and Wednesdays to eat and drink their sorrows, several employees said. Management has advised employees not to come to the office on Wednesday.